(November 25, 2008)—Stocks generally pushed higher at the closing bell Tuesday, but fell well short of the closing highs in the previous two sessions.
The Dow rose 36 points to 8,479 after two days of strong advances.
The S&P was up 5 and a-half points to 857.
The Nasdaq composite fell 7 points to 1,464.
Advancing issues topped decliners by a 2 to 1 margin on the New York Stock Exchange.
Volume on the NYSE came to 6.5 billion shares.
Nasdaq stock market volume was 2.4 billion shares.
Investors were encouraged by the latest government plans to help consumer lending companies, but at the same time, they were also cashing in some of their profits from the huge two-day rally.
The government introduced a pair of new programs Tuesday to provide $800 billion aimed at thawing the frozen market for consumer debt.
Treasury Secretary Henry Paulson said the move is aimed at improving key markets involving credit cards, auto loans and student loans, which essentially came to a halt in October.
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