February 8th, 2011 
davidguide New York, NY, United States (AHN) – U.S. stocks rose to new highs on Monday as acquisitions, corporate earnings and a rise in consumer credit use in December boosted investors’ confidence.
The Dow Jones Industrial Average’s 69-point or 0.57 percent surge brought the index to its highest close since June 16, 2008 at 12,162.
The Standard & Poor’s 500 Index rose 8 points or 0.62 percent to 1,319 boosted by financials Loews, CNA Financial and American International Group. This high was last hit on June 25, 2008.
The Nasdaq Composite Index gained 15 points or 0.53 percent to close at 2,784. The last time it went that high was on Nov. 6, 2007.
Meanwhile, oil for March delivery shed $1.55 to settle at $87 a barrel.
Gold futures for April delivery was down 80 cents to $1,348 an ounce.
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