Dow Closes Above 11,000

The Dow Jones industrial average has closed above 11,000 for the first time in a year and a half.

A loan agreement for Greece and corporate takeover announcements Monday have nudged stocks higher. The news is lifting investors' hopes for the economic recovery.

The Dow is up 9 to close at 11,006. It is the Dow's first close above 11,000 since Sept. 26, 2008. It briefly topped 11,000 during trading Friday but faded by the close.

The Standard & Poor's 500 index is up 2 at 1,196. The Nasdaq composite index has gained 4 to 2,458.

Three stocks rose for every two that fell on the New York Stock Exchange. Volume came to 966 million shares compared with one billion Friday.

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  • by Dave Location: Wilson on Apr 13, 2010 at 09:01 AM
    WooHoo!!! 11,000. Only 25% LESS than what Bush and the Republicans were able to do!! Unemployment is 9.7%, people are unemployed longer than any time since the Great Depression, personal income went down 3.2%.
  • by Stan Location: G'ville on Apr 12, 2010 at 05:42 PM
    Uncle Sam wants to inrease taxes on capital gains now as well.
  • by Vance on Apr 12, 2010 at 05:02 PM
    Oh its up above 11,000 for the first time in a year and a half?It took that long but wait where was the unemployment rate when it was at 11,000(Pass this stimulus and it will not go passed 8%).Lets see he has been (acting) president for what,a year and a couple of months and has surpassed 4X the defict.Still no job growth in infrastructure where jobs took the hardest hit.How is the economy supposed to grow when we are not building.I agree Obama Snake Oil everybody is going to pay for this deficit some just cant see the light.Thanks for reminding me of turkey season too.Everybody better bag their limit because major inflation is going to kick in soon.
  • by Obama Snake Oil Co Location: Washington on Apr 12, 2010 at 04:03 PM
    Oh...happpppppy days....1400 under that lie telling, war mongering, WMDs, two wars, stupid Bush.....gosh I miss him. Today I heard big taxes are coming our way...but wait, only for those making over 200K right? Well, lie number 238 was revealed, a trillion dollar tax bill....whoooooppppppdeeeeedoooooo. Heading your way. The good news; D means dangerous to the American taxpayer. R, means representitive this year. Bye Bye Butterball. Pretty sure turkey season started Saturday.....we need to get all the turkeys out of washington DC...
  • by REPUBLICAN FOR LIFE! Location: Chocowinity on Apr 12, 2010 at 03:53 PM
    I'm a redneck and all, but I do like what president Obama has done to improve the economy. Thank you Mr. President.
  • by Sam Location: Greenville on Apr 12, 2010 at 03:23 PM
    Its OBAMA'S FAULT, oh.... did you say it was up? in that case Obama had nothing to do with it!

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