Dow jumps 204 to high for year as dollar slumps

Posted Monday, Nov. 09, 2009 Comments   (0) Print Share Share Reprints
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NEW YORK — Energy and materials stocks led the market as the Dow jumped to its highest level since October 2008.

But some analysts, given the still-weak economy, warn that stocks and other investments could suffer big losses if the dollar were to turn higher.

Major mover: Abercrombie & Fitch (ticker: ANF) rose 7.4 percent to $37.59 after analysts said international growth would boost the teen apparel retailer. The company will release its fiscal third-quarter numbers Friday.

Investors are looking for any insight into how much consumers are spending as the holidays approach. J.C. Penney Co., Macy’s and Wal-Mart Stores are among those expected to post quarterly results this week.

On the Big Board: Advancers outpaced decliners by 5-to-1 on consolidated volume of 4.6 billion shares, compared with 4.3 billion Friday. — The Associated Press

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