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Video: Dow Jumps on Auto News

MediaMan posted 12/31/2008 from marketnewslive.blogspot.com

Despite grim economic reports, U.S. stocks soared on promising news in the U.S. auto industry. The Dow Jones jumped more than 183 points to close at 8,668.39. The S&P 500 climbed 21.22 points to 890.64. The Nasdaq was up 40.38 points to 1,550.70. Crude oil closed down at $39.03 a barrel.