Posted by
JBDavis on Wednesday, April 25, 2007 5:10:33 PM
The Dow Jones industrial Average
closed today at 13089.89:
NEW YORK — The Dow powered to a close above 13,000 for the first time and the broader market rose to its highest level in more than six years Wednesday, buoyed by a steady parade of strong profit reports and reassuring news on the economy.
The Dow Jones industrial average rose 135.95 points, or 1.05 percent, to end at 13,089.89. The Standard & Poor's 500 Index advanced 15.01 points, or 1.01 percent, to close at 1,495.42. The Nasdaq Composite Index gained 23.35 points, or 0.92 percent, to finish at 2,547.89
This is good news, right. I think so. But I have no doubt we will be bombarded with news that this is bad. All I know is that 6 months ago it had not been to 12,000. Tax cuts work.