Dow climbs above 9,000

Discussion in 'Stock Market' started by Chris, Jul 23, 2009.

  1. Chris
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    Chris Gold Member

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    A mix of good news about profits, housing and dealmaking sparked a broad-based stock rally in the U.S. Thursday, with the Dow Jones Industrial Average crossing above 9000 for the first time since January.

    The blue-chip average was recently up 136 points, or 1.5%, at 9017.44, boosted by gains in all four components that had just released earnings or were due to announce after the closing bell. AT&T rose 3.5% and 3M was up 5.6%. Both announced declines in second-quarter profits that were smaller than analysts expected.

    Microsoft was up 3.7%, and American Express was up 1.8%. Both Dow components are due to report after the closing bell.

    But McDonald's weighed on the Dow after reporting an 8% decline in second-quarter earnings.

    The National Association of Realtors said existing-home sales rose again in June, but prices are still down sharply compared to last year. Home resales rose by 3.6%, to a 4.89 million annual rate from a revised 4.72 million in May.

    MarketWatch.com Story
     
  2. wimpy77
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    wimpy77 Member

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    i think by the end of the year it will go to 10,000 maybe.
     
  3. bigdaddygtr
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    bigdaddygtr Senior Member

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    But the right will somehow find a way to blame Obama for the economy but won't give him shit for credit if it does hit over 10,000:clap2::clap2::clap2:
     
  4. Lonestar_logic
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    Lonestar_logic Republic of Texas

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    Tell me what does Obama have to do with Wallstreet?

    The government doesn't control the market..... at least not yet.

    Typical racist wanting to give Obama props for someone elses work.

    Are you trying to take the title of "most racist " away from charliedumBass?
     
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  5. wimpy77
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    wimpy77 Member

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    tomorrow probably wont get so good. microsoft didn't meet analyst expectations and shares have plummeted.
     
  6. elvis
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    elvis BANNED Supporting Member

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    must be the Obama effect.
     
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  7. driveby
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    driveby Gold Member

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    It's obvious the stimulus is working ... :lol:
     
  8. hjmick
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    hjmick Gold Member

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    I was stimulated this morning...
     
  9. elvis
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    elvis BANNED Supporting Member

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    so was obama...

    by chrissy.
     
  10. bigdaddygtr
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    bigdaddygtr Senior Member

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    Maybe he was stimulated by your constant neg rep's you send me calling me a faggot. Wow, you are a perfect test case to prove that evolution exists cause you obviously came from an ape
     

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