Image source: Bloomberg

 

 

BY ZACH TOOMBS

 

 

For the first time since May 2008, the Dow Jones Industrial Average closed at over 13,000 Tuesday. Fox Business explains what drove the gains.

 

“Really what gave us that big jump was a jump in consumer sentiment to the highest level since 2008.”

“Some of the stocks that led the Dow’s gains today included McDonald’s, Home Depot, IBM.”

 

And Bloomberg anchor Adam Johnson says the mark is both symbolically and psychologically noteworthy.

 

“I mean, here’s the thing. It’s a round number, it sounds great, and, you know it’s kind of a big deal when you think about it simply because it took us so many years to get back to it — to get back here.”

 

CNN Money reports — it wasn’t just the Dow that benefited from increased consumer confidence Tuesday.

 

“The S&P 500 added 5 points, or 0.3%, and the Nasdaq rose 21 points, or 0.7%. Shares of Nasdaq-listed Apple hit record highs too. Though modest, the gains were enough to push the S&P 500 to its highest levels since June 2008. The Nasdaq is trading at its highest point since December 2000."

 

On CNBC, panelists debated the significance of the 13,000 mark — just a number, or something more?

 

“It looks good. It feels good, right? We all feel great... But it’s a round number.”

“In the face of all this uncertainty, the U.S. is outperforming Europe. Our economy is improving. The stock market is reflecting that fact. I think the new highs really matter right now.”

 

Fox Business reports technology companies were the day’s big winners. Apple reached an all-time high on the back of speculation it might unveil a new iPad next week.

Dow Closes Above 13,000 for First Time Since 2008

by Zach Toombs
0
Transcript
Feb 28, 2012

Dow Closes Above 13,000 for First Time Since 2008

 

Image source: Bloomberg

 

 

BY ZACH TOOMBS

 

 

For the first time since May 2008, the Dow Jones Industrial Average closed at over 13,000 Tuesday. Fox Business explains what drove the gains.

 

“Really what gave us that big jump was a jump in consumer sentiment to the highest level since 2008.”

“Some of the stocks that led the Dow’s gains today included McDonald’s, Home Depot, IBM.”

 

And Bloomberg anchor Adam Johnson says the mark is both symbolically and psychologically noteworthy.

 

“I mean, here’s the thing. It’s a round number, it sounds great, and, you know it’s kind of a big deal when you think about it simply because it took us so many years to get back to it — to get back here.”

 

CNN Money reports — it wasn’t just the Dow that benefited from increased consumer confidence Tuesday.

 

“The S&P 500 added 5 points, or 0.3%, and the Nasdaq rose 21 points, or 0.7%. Shares of Nasdaq-listed Apple hit record highs too. Though modest, the gains were enough to push the S&P 500 to its highest levels since June 2008. The Nasdaq is trading at its highest point since December 2000."

 

On CNBC, panelists debated the significance of the 13,000 mark — just a number, or something more?

 

“It looks good. It feels good, right? We all feel great... But it’s a round number.”

“In the face of all this uncertainty, the U.S. is outperforming Europe. Our economy is improving. The stock market is reflecting that fact. I think the new highs really matter right now.”

 

Fox Business reports technology companies were the day’s big winners. Apple reached an all-time high on the back of speculation it might unveil a new iPad next week.

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