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Posted: Thursday, 09 July 2009 4:17PM

Gains In Financials, Material Stocks Lift Market



New York (AP)  -- Investors are finding some appetite for risk after a jittery week.

Stocks have edged higher Thursday as investors put money into banking and industrial stocks as well as commodities. Investors worried about the economy have been cautious to buy up stocks, even after heavy selling Tuesday made shares look relatively cheap.

Investors were encouraged by better-than-expected results from aluminum maker Alcoa Inc.

According to preliminary calculations, the Dow Jones industrial average is up 5 at 8,183. The S&P 500 index is up 3 at 883. The Nasdaq composite index is up 5 at 1,753.

About three stocks rose for every two that fell on the New York Stock Exchange, where volume came to 1 billion shares.

Copyright 2009 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
 
 
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