Dow surges 283 pts to new highs on deals, June retail sales

4:30 pm ET Jul 12, 2007

DJIA

13,861

+283.86

S&P

1,547

+28.94

NASDAQ

2,701

+49.94

10Yr

5.12%

+0.036

Dow surges 283 pts to new highs on deals, June retail sales

NEW YORK
U.S. stocks rose sharply Thursday, sending the Dow Jones Industrial
Average up over 283 points to new record highs, as traders cheered Rio
Tinto plc's $38.1 billion offer for aluminum producer Alcan Inc. and
Wal-Mart Stores Inc.'s better-than-expected June sales.

MarketWatch First Take: Surprised by the DJIA's new high? Contrarians
weren't.

ANNANDALE, Va.
Were you surprised by the stock market's blowout day on Thursday that
catapulted the Dow Jones Industrial Average upwards by more than 280
points?