Skip to: Content
Skip to: Site Navigation
Skip to: Search

July 25, 2008 4:59:54 PM CDT

Learn about Newser Points »

« Back to the grid | Next story »

Dow Powers to Record High

Posted Apr 19, 07 7:08 AM CDT in Business 

(Newser) – The Dow rose 30.80 points yesterday, closing above 12800 for the first time. The new record was powered was by JP Morgan Chase, Boeing and Caterpillar, while nearly two-thirds of the Dow components failed to make gains, the Wall Street Journal reports. Tech stocks continued to be weak; the Nasdaq negative.

It's a carryover from yesterday's rally," Jim Herrick, head trader at Robert W. Baird, tells the Journal. "The Consumer Price Index numbers gave investors confidence," indicating inflation might be easing for the broader economy. “We're expecting prices to continue to go higher," said Charles Blood, of Brown Brothers Harriman.

Source Wall Street Journal

0 comments | Print E-mail | Digg Seed this on Newsvine Add this link to Del.icio.us StumbleUpon

Related Newser Stories

  • Dow Breaks 13,000 In Record Close

    Apr 25, 07 3:50 PM CDT
    Dow Breaks 13,000 In Record Close The Dow Jones surged to a record close this afternoon, riding better-than-expected durable good orders in March and soaring profits from online bellweather Amazon to close just past 13,000. News that Alcoa was exploring plans to sell its packaging and consumer business also buoyed shareholders. More »

  • Dow Hits New High

    Apr 20, 07 3:27 PM CDT
    The Dow closed at a record high of 12,961.98 today, gaining 153.35 points as it rode a wave of positive earnings reports that pushed the S&P 500 and the Nasdaq to six-year highs, too, CNN reports. The Dow reached an all-time high of 12,966.29 shortly before its third straight record close. More »

  • Stocks Swing on CEO House Size

    Apr 13, 07 1:55 PM CDT
    Don't buy stock in a company whose CEO lives in a huge house, a new study says.  CEOs who move into regular-sized digs—5,600 square feet for the typical company head—see their company's stock jump an average 6% the following year. Those who go palatial—10,000 square feet or more—watch stocks dip by an average of 1.7%. More »

An NYSE Euronext banner hangs over the floor of the New York Stock Exchange, Wednesday, April 4, 2007, in New York. NYSE Euronext shares slipped in their first day of trading following the completion...   (Associated Press)
« Prev« Prev | Next »Next » Slideshow
Our editors also recommend:

Threads (1 of 2)

Tags

stock market  • Dow Jones  • business  • Dow Jones Industrial Average  • stocks  • Boeing  • JPMorgan Chase  • investing


Loading...

Loading...

Today's Most Popular


Other Home Stories

What is Newser?

2008 Codie Finalist

Newser gives you more news in less time. We search for the best and most important stories all over the web, read them for you, and deliver concise and sharp summaries—along with links to the full text. Newser provides a way to stay on top of an ever-expanding horizon of news and opinion—politics, sports, business, trends, technology, personalities, crimes, and controversies. Newser keeps you not just better informed, but, with our signature graphic interface and smart condensed format, more enjoyably informed.

Learn more »