DuPont's Stock On Track For Biggest Price Gain Ever; Accounts For More Than Half Of Dow's Gain

By MarketWatch Pulse

DuPont Co.'s stock is soaring 11% in morning trade Tuesday, on track for the best one-day price gain in its history, after the company said late Monday that it was accelerating its cost-cutting plan and that its CEO was retiring. The price gain of $5.60 is adding about 37 points to the Dow's price. The percentage gain of 10.8% would be the third biggest in its history, according to FactSet, behind the 11% jump on March 10, 2009 and the 11.5% surge on Oct. 13, 2008. The Dow was up 61 points, or 0.4%, while the S&P 500 is tacking on 3 points, or 0.2%. The stock has now soared 20% since closing at a 2 1/2-year low of $47.32 on Sept. 28.

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