Perhaps the signing of the housing relief bill helped; Wednesday financial stocks led the way despite oil prices going modestly higher after a report said gas supplies fell.
Investors pushed the Dow up by triple digits early, followed by a midday selloff, then another buying spree before the close.
The Dow ended the day up 186.37 points to close at 11,583. The Nasdaq also closed up 10.10 points at 2,329.
Those financial stocks moved higher Wednesday as President Bush signed a massive Housing bill. The bill gives 400,000 homeowners relief from unmanagable mortgage troubles.
The thinking is, the bill will help stabilize financial markets as it includes new aid and more oversight for Fannie Mac and Freddie Mac. What the bill also does for homeowners who cannot afford their payments is to refinance into more affordable government backed loans rather than lose their house.
The Housing Bill is regarded as the most significant housing legislation in decades.
The White House says the Federal Housing Administration will begin to implement the new policies right away.
What happens when an airline loses $7-billion so far this year? It adds fees.
Delta Airlines is going to double the charge for checking a second bag. The airline says it will begin charging $50 for a second checked bag to help offset the high cost of fuel. The changes will apply to customers who purchase a ticket starting tomorrow for travel beginning August 5th. Delta says its studying a plan to charge a fee for the first bag checked.
For the three months ending in June, Delta lost $1.4 billion.
Do you want a healthy meal? Go to Dunkin' Donuts. The donut chain says it will offer new better for you choices starting next month.
The menu called DDSmart will feature two flatbread sandwiches made with egg whites. Customers can have a turkey sausage egg white sandwich or a vegetable one. Both will be under 300 calories with 9 grams of fat or less.
Multigrain bagels and a reduced fat blueberry muffin are also options.
And of course, so are a dozen or so glazed donuts.