Dow Pops Through 13,000
For the first time since May 20, 2008, the Dow Jones Industrial Average (DJIA) has poked through the 13,000 level. The index has since come back a little, to 12,997. If the DJIA should finish above 13,000 today, that would…
For the first time since May 20, 2008, the Dow Jones Industrial Average (DJIA) has poked through the 13,000 level. The index has since come back a little, to 12,997. If the DJIA should finish above 13,000 today, that would be the first time that has happened since May 19, 2008.
The gain is broad-based across sectors, with energy and materials leading the way as commodity prices rise on a weaker dollar. The agreement on the Greek bailout had some effect early, but markets had already priced the move in. If anything, questions about whether or not a new Greek government will abide by the agreement are weighing on markets more than anything else.
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Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.
He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.