- The Washington Times - Thursday, March 12, 2009

Stocks rose for the third day Thursday after an accounting board told Congress it may recommend a let-up in accounting rules for troubled banks. Retail sales figures also came in better than anticipated, General Electric Co. saw its credit rating cut by less than expected, and General Motors Corp. said it will not need a $2 billion loan it previously requested from the government.

The Dow Jones industrial average rose 239.66, or 3.5 percent, to 7,170.06.

The Standard & Poor’s 500 index rose 29.38, or 4.1 percent, to 750.74.

The Nasdaq composite index rose 54.46, or 4 percent, to 1,426.10.

For the week:

The Dow is up 543.12, or 8.2 percent.

The S&P; is up 67.36, or 9.9 percent.

The Nasdaq is up 132.25, or 10.2 percent.

For the year:

The Dow is down 1,606.33, or 18.3 percent.

The S&P; is down 152.51, or 16.9 percent.

The Nasdaq is down 150.93, or 9.6 percent.

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