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

July 25, 2008 9:48:15 PM CDT

Learn about Newser Points »

« Back to the grid | Next story »

Dow Breaks 13,000 In Record Close

Posted Apr 25, 07 3:50 PM CDT in Business 

(Newser) – 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.

But market watchers hastened to point out that the record says little about the economy's underlying health. "it defies a lot of the negatives," the chief market economist at Avalon Partners told MarketWatch, "such as oil prices near $66, weakness in the dollar and economic data that points to moderate growth."

Source MarketWatch

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

Related Newser Stories

  • Economy Slows, Stocks Surge: What Gives?

    Oct 6, 07 6:54 PM CDT
    Economy Slows, Stocks Surge: What Gives? Stocks are surging while classic indicators are signaling slump — so what gives? The answer, reports the Washington Post, lies in a bright jobs report and spiking Standard & Poor's 500-stock index. Backers are dissing the bad news as fast as they can finance, says the Post: "Call them the Teflon investors."
      More »

  • Stocks Surge as Jitters Remain

    Aug 2, 07 4:36 PM CDT
    Stocks Surge as Jitters Remain The Dow was up 100.96 today—mostly in late trading—closing at 13,463.33 after Asian markets made a partial recovery from its recent hemorrhage and some rare good news emerged from the housing market. Retail and tech winners beat losers; Nokia, Motorola, CVS, and Hewett-Packard all put up big gains after better-than-anticipated earnings reports. More »

  • Markets Ignore Upbeat News, Head Down

    Jul 31, 07 3:54 PM CDT
    Markets Ignore Upbeat News, Head Down The Dow started was up triple digits in early trading today before plunging to close down 146.32 points at 13211.59. A report of improved consumer confidence and better-than-expected inflation data distracted traders from the ongoing credit earthquake and its tremors in the housing market, but the reentry of foundering American Home Mortgage on the floor woke them up again. More »

  • Dow Shocks with 92 Point Gain

    Jul 30, 07 3:44 PM CDT
    Dow Shocks with 92 Point Gain The Dow rebuffed Wall St.'s bearish ambiance today, picking up 92.84 points to close at 13,358.31. One analyst says the weekend calmed jitters that led to a 500 point bloodletting at the end of last week, and a day without any major economic shakeups or earnings reports had brokers "looking at the numbers and realizing things aren't so bad." More »

  • Merck News Gives Markets Shot in the Arm

    Jul 23, 07 4:24 PM CDT
    Merck News Gives Markets Shot in the Arm Stocks rallied across the board today, after a number of major buyouts and earnings reports diverted traders' attentions from the foundering subprime market and an enervated dollar once again. The Dow was up 2.34 to 13943.42 after drug-maker Merck, a major component of the index, reported its best earnings since April, a far better result than expected. More »

The monitor above the floor of the New York Stock Exchange shows the Dow Jones Industrial Average above 13,000, Wednesday, April 25, 2007 in New York. The Dow Jones industrial average shot past 13,000...   (Associated Press)
« Prev« Prev | Next »Next » Slideshow
Our editors also recommend:

Threads (1 of 3)

Tags

US economy  • stock market  • oil  • Dow Jones  • Dow Jones Industrial Average  • investing  • Alcoa


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 »