U.S. stocks closed mixed Wednesday, with the Dow Jones Industrial Average failing to remain above 12,000, after the average smashed through that barrier in early trade as its components IBM and Intel posted storng gains. Dow closed at 11,992.68 a gain of 42.66 points on the day.
Can the Dow power ahead from here? Will it hold above 12,000 in the coming days?
Interesting times ahead for the index.
Re: Dow Jones closes at a record high
profit takers will pull it down in the next few weeks. although with elections approaching, the manipulation would be diff thing to keep things propped up or down. There are king makers out there you know :)
Re: Dow Jones closes at a record high
With good results from Apple, Ebay and AMD after the bell, Dow could power on tomorrow.
Re: Dow Jones closes at a record high
no bad news to counter the good news? I have gone all money market shortterm nd will get back in right when the big dip occurs soon.
Re: Dow Jones closes at a record high
U.S. stocks ended higher Thursday, with the Dow Jones Industrial Average closing above 12,000, after a raft of upbeat earnings reports led by Apple Computer Inc., eBay Inc and the Coca-Cola Co. eased concerns about a slowing economy. The Dow Jones Industrial Average rose 19 points to an unofficial close of 12,011.
What next?
Re: Dow Jones closes at a record high
wait until after elections are over :)
Re: Dow Jones closes at a record high
This looks like good results and economic recovery driven rally. Might have legs to go far, but how far, 12,500?
Who would be brave enough to short this rally.
Re: Dow Jones closes at a record high
ehsan bhai when ppl are hoping that there woukd be a soft landing how can we be so bullish on recovery. yes you have good earning news, oil prices down, interest stable, but something's gotta give. this is not an express gravy train, someone has to pull the chain at one of the stops.
Re: Dow Jones closes at a record high
Its all about perceptions and how far the market will go before it pauses or pulls back. That is the question? In the meantime I am long on Dow futures, so I ain't complaining.
Re: Dow Jones closes at a record high
Dow closes the week holding just above 12000.
Re: Dow Jones closes at a record high
^^ cut the crap guys, what shud i buy?
Re: Dow Jones closes at a record high
ehsan bhai, what did I tell ya..
Re: Dow Jones closes at a record high
got out at a good time, got back in at a good time :)
Re: Dow Jones closes at a record high
After a slight hiccup it is powering ahead again.
Re: Dow Jones closes at a record high
i got out before the hiccup, and got in during the hiccup.
Re: Dow Jones closes at a record high
Dow closed at 12,510.57 +102.94+0.83% its unofficial close, marking its highest close ever.
13K, here we come.
Re: Dow Jones closes at a record high
just timing exit and entry right twice in last 2 months have increased my rate of return by another 8%
Re: Dow Jones closes at a record high
Missed the boat, closed all my positions before the christmas holidays. :(
Re: Dow Jones closes at a record high
U.S. stocks end 2006 with best gains in three years
U.S. stocks finished the year with strong gains, with all three major stock averages booking their best performance since 2003. The Dow Jones Industrial Average stood at 12,463 at the unofficial 4 p.m. close on Friday, the final trading session of the year, marking a 16% gain for the year. This was the Dow's best performance since 2003.
The S&P 500 1,418.30 gained 14% for the year, while the Nasdaq Composite **2,415.29 **advanced 10%, also marking the two averages' best performance since 2003.
General Motors and AT&T were the two best performing blue chip shares within the index while Intel and Home Depot were the worst performing.
Roll on 2007.