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US Stocks Gain As Materials Climb, QE2 Hopes Give Broad Lift

25 Oct News | Comments

U.S. stocks gained Monday, as a weaker dollar boosted materials and hopes for further central bank stimulus kept the market edging higher. The Dow Jones Industrial Average rose 52 points, or 0.5%, to 11184, extending three straight weeks of gains. Entering the month’s final week of trading, the Dow is up 3.7% for October, buoyed by hopes that the Federal Reserve will take further steps to stimulate the economy at its meeting next week.


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