Dow gains 249 points

This was a great day for anyone who believes that the recovery is really taking shape. A bunch of economic reports came out - car sales, payroll jobs, manufacturing - and most of them were decent. Not spectacular, mind you, but strong enough to keep the dream alive. Dow finished up 2.3 percent, to 11,255. Keep in mind, of course, that December can be a funky month for stocks, with various end-of-year buying and selling that can gum things up.


More by Mark Lacter:
American-US Air settlement with DOJ includes small tweak at LAX
Socal housing market going nowhere fast
Amazon keeps pushing for faster L.A. delivery
Another rugged quarter for Tribune Co. papers
How does Stanford compete with the big boys?
Those awful infographics that promise to explain and only distort
Best to low-ball today's employment report
Further fallout from airport shootings
Crazy opening for Twitter*
Should Twitter be valued at $18 billion?
Recent stories:
Letter from Down Under: Welcome to the Homogenocene
One last Florida photo
Signs of Saturday: No refund
'I Am Woman,' hear them roar
Bobcat crossing

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Mark Lacter
Mark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
 
Mark Lacter, business writer and editor was 59
The multi-talented Mark Lacter
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