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		</div><p><a href="http://londonglossy.com/wp-content/uploads/2010/12/us-stocks-rise-after-banking-deal.jpg"><img class="alignnone size-full" title="The Dow Jones industrial average rose 55.03 points, or 0.5%, to close at 11,533.16" src="http://londonglossy.com/wp-content/uploads/2010/12/min-us-stocks-rise-after-banking-deal.jpg" alt="The Dow Jones industrial average rose 55.03 points, or 0.5%, to close at 11,533.16"/></a></p>
<p>Financial companies led stock indexes to new two-year highs after another big banking deal raised hopes that more acquisitions could be on the way.</p>
<p>Toronto-Dominion Bank said it was buying Chrysler Financial, the carmaker&#8217;s old lending arm, from Cerberus Capital Management for 6.3 billion dollars (£4.1bn).</p>
<p>It was the latest example of a relatively healthy Canadian bank buying a US lender battered by the financial crisis. Toronto-Dominion bought Commerce Bancorp in 2008, and just four days ago Bank of Montreal said it would buy Milwaukee-based bank Marshall &#038; Ilsley for 4.1 billion dollars (£2.6bn).</p>
<p>The S&#038;P 500 closed above the level it reached on September 12, 2008, the last trading day before the collapse of Lehman Brothers at the height of the financial crisis. The Dow Jones industrial average is at its highest since August 29 2008.</p>
<p>Corporate mergers have picked up strongly this year. That, along with signs of an improving economy and a tax cut package passed last week, have helped drive stocks up. The S&#038;P 500 has jumped 6.3% this month and 12.5% this year.</p>
<p>&#8220;There is growing optimism about the economy, or at least the US economy, in 2011,&#8221; said Alan Gayle, senior investment strategist for RidgeWorth Investments. &#8220;We&#8217;re 18 months into this recovery, and good things are gradually happening.&#8221;</p>
<p>The Dow rose 55.03, or 0.5%, to close at 11,533.16. The Dow is up 4.8% so far this month.</p>
<p>The S&#038;P 500 index rose 7.52, or 0.6%, to close at 1,254.60. The Nasdaq composite rose 18.05, or 0.7%, to 2,667.61.</p>
<p>Financial companies were the best performers. JPMorgan Chase rose the most among the 30 companies that make up the Dow. The stock rose 2.6% to 41 dollars. Bank of America, Goldman Sachs and Wells Fargo all rose by more than 1%.</p>
<p>Adobe Systems jumped 6% to 30.93 dollars after the software maker reported earnings that were much stronger than analysts had expected. The company also raised its forecast for earnings and revenue in the current quarter.</p>
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