A bright forecast from Cisco Systems and upbeat economic news sent stocks soaring Thursday, propelling the Dow Jones industrials back above 10,000. The rally, coming a day before the government's October employment report, showed that investors are regaining their optimism about an economic recovery.
The Dow Jones industrial average rose 203.82, or 2.1 percent, to 10,005.96
The Standard & Poor's 500 index rose 20.13, or 1.9 percent, to 1,066.63.
The Nasdaq composite index rose 49.80, or 2.4 percent, to 2,105.32.
For the week:
The Dow is up 293.23 or 3 percent
The S&P is up 30.44 or 2.9 percent
The Nasdaq is up 60.21 or 2.9 percent
For the year:
The Dow is up 1,229.57, or 14 percent.
The S&P is up 163.38, or 18.1 percent.
The Nasdaq is up 528.29, or 33.5 percent.
Just as Lawrence Kazmerski, a top official at the National Renewable Energy Laboratory, was about to give the keynote address at the University of Minnesota's annual E3 conference at the RiverCentre in St. Paul, the lights went out, bathing the audience in darkness and a deep sense of irony.
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