Dow Jones @ 11,000

[Analog]

Dow touches 11,000
GM upgrade propels blue-chip indicator to highest level since 2001; broader market inches upward.
January 9, 2006: 1:48 PM EST

NEW YORK (CNNMoney.com) - The Dow industrials crossed the 11,000 mark for the first time in more than 4-1/2 years Monday, aided by an upgrade of blue-chip General Motors.

The Dow (up 37.16 to 10,996.47, Charts) rose 0.3 percent, hitting the 11,000 mark for the first time since June 13, 2001, reaching as high as 11,012.40 before retreating slightly. The Dow's all-time high stands at 11,722.98 reached on Jan. 14, 2000.

 

[imported_Trippin315]

It will go back down.

 

[neutralizer]

What about Nasdaq, is it back to pre-9/11 levels?

 

[codeyf]

 

[bigrash]

Originally posted by: Trippin315
It will go back down.

yup, I think you're right

 

[monk3y]

Originally posted by: Trippin315
It will go back down.

*Link*

It's back down again... 10,983.01

 

[GTaudiophile]

Bush didn't do it!!!

 

[mzkhadir]

Originally posted by: bigrash

Originally posted by: Trippin315
It will go back down.

yup, I think you're right

qft.

 

[IGBT]

..it's Bushes fault. ..tax breaks work!!

 

[destrekor]

Originally posted by: IGBT
..it's Bushes fault. ..tax breaks work!!

tax breaks do work.. more money in the hands of consumers means more things bought = better economy
i cant wait till the day the Dow reaches 12000 in two years
now if crude oil would only return to pre-9/11 barrel prices

 

[BillGates]

1st time since the towers fell

Kinda misleading - more like June 2001.

 

[dullard]

Originally posted by: yellowfiero
NEW YORK (CNNMoney.com) - The Dow industrials crossed the 11,000 mark for the first time in more than 4-1/2 years Monday, aided by an upgrade of blue-chip General Motors.

Like I said in the P&N 11,000 thread, this information is false. It crossed 11,000 briefly in 2005. It never CLOSED above 11,000 in 2005 though.

 

[Zim Hosein]

Originally posted by: GTaudiophile
Bush didn't do it!!!

LMFAO :laugh:

Cheers GTaudiophile :beer: