Thursday, April 26, 2007

Dow closes above 13,000

Dow closes above 13,000 on earnings data (AP)

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 for the first time, powered by better-than-expected corporate earnings that boosted investors' confidence in the U.S. economy.  (AP Photo/Henny Ray Abrams)AP - It looks like cause for celebration: The Dow Jones industrial average surged from 12,000 to 13,000 in just six months. But appearances can be deceiving, and there may be more reason to worry than rejoice about Wall Street's latest accomplishment.


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