Markets Close Higher Over Rumsfeld Resignation

The markets closed higher as Democrats gained control of the House of Representatives and Donald Rumsfeld resigned as Defense Secretary. The Dow added 20 points to close at a new high of 12,177 while Nasdaq rose 9 points to 2385. S&P 500 gained 3 points to 1386. The 30-year bond rose as the yield eased to 4.730%.