Business news for Mon, 24 Dec 2007 & with words dow+investment. 4 news.

AP - Wall Street advanced sharply Monday, boosted by news that Merrill Lynch & Co. will receive an investment of up to $6.2 billion from two investment groups. The Dow Jones industrial average rose nearly 100 points.

BOSTON (MarketWatch) -- William Knapp, chief investment strategist for MainStay Investments, says investors should expect the economy to sidestep a recession in 2008, but noted that even if one occurs, "consumers will barely know it happened."

William Knapp, chief investment strategist for MainStay Investments, says investors should expect the market to sidestep a recession in 2008, but noted that even if once occurs, "consumers will barely know it happened." In a radio interview, Knapp said he expected large-cap growth to remain in favor for at least the first half of the new year, and said the Dow Jones Industrial Average will end 2008 at 15,000.

Wall Street advanced sharply Monday, boosted by news that Merrill Lynch & Co. will receive an investment of up to $6.2 billion from two investment groups. The Dow Jones industrial average rose nearly 100 points.