Dow hits fresh 2009 high in rally, oil surges
By Herbert Lash
NEW YORK, July 23 (Reuters) - Crude oil jumped and Wall Street surged 2 percent on Thursday, pushing the Dow to an eight-month closing high, after improving U.S. home sales and strong corporate results spurred optimism that economic recovery is under way.
The Dow pushed above the 9,000 mark, rising 188 points, in a broad rally that lifted all 10 sectors of the benchmark S&P 500 into positive territory. The Nasdaq posted its 12th consecutive gain -- its longest winning streak since 1992.