Dow closes at 773 after intraday rally and profit taking
The Dow Jones industrial average rose over 25 points intraday on hopes for an impeachment resolution but faded to finish up 13.48 at 773.78. NYSE volume was heavy and breadth favored advances 1,046 to 438 as blue chips led gains and short covering supported prices. Xerox, Eastman Kodak, DuPont and Procter & Gamble posted notable gains amid bargain hunting.
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Mattel hit with federal civil fraud complaint
The federal government filed a civil fraud complaint against Mattel Inc. on Monday, accusing the toy maker of misleading investors. The SEC seeks appointment of two outside directors to oversee control of a large share of the company.
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