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The Honolulu Advertiser
Posted on: Tuesday, December 22, 2009

Confidence returns to Wall Street


Associated Press

NEW YORK Another wave of corporate dealmaking stoked investors' confidence in the economy and carried stocks sharply higher yesterday.

Analyst upgrades of Alcoa Inc. and Intel Corp. and positive momentum on President Obama's health care overhaul also helped drive a broad advance on the stock market.

Bond prices tumbled as stocks rose, pushing the yield on the benchmark 10-year Treasury note up to its highest level since August.