Dow Closes Above 13,000, First Time Since Crisis

The Dow Jones industrial average has closed above 13,000 for the first time since May 2008, four months before the financial crisis.

The average closed up 23 points Tuesday to finish at 13,005. It's up more than 6 percent this year, mostly because of enthusiasm about the building U.S. economic recovery.

The Dow first broke 13,000 on April 25, 2007. The last time it ended the day above 13,000 was May 19, 2008. The Great Recession was six months old.

The close puts the Dow less than 1,200 points away from an all-time high.

Volume was lighter than average at 3.6 billion shares. Advancing
stocks barely beat declining stocks on the New York Stock Exchange.

(Copyright 2012 by The Associated Press. All Rights Reserved.)

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  • by The problem is..... Location: ENC on Feb 29, 2012 at 03:56 AM
    The problem with our society is partisan politics. Plain and simple. While our economy improves, regardless of who is president, people always blame politics. Until you boneheads start working together, your life will get worse..... for you will be a self fulfilling prophecy. Good luck with that one!
  • by Barlow Location: Winterville on Feb 29, 2012 at 02:54 AM
    You would think that this would make the Greedy Old People happy. But NO! Why? Because they want it ALL! They want your social security. They want your medicare. They want your pensions. They want you AND your children to work for below minimum wage. And when they get it all, what is left for you? Why, that "trickle" of course.
    • reply
      by Anonymous on Feb 29, 2012 at 03:44 AM in reply to Barlow
      This statement makes no sense whatever and has little to do with the stock market. I wish people would do some research before posting on this board.
    • reply
      by Anonymous on Feb 29, 2012 at 05:26 AM in reply to Barlow
      And your hero Obama just wants everyone on welfare and food stamps, so there are more people that depend on the government. Pretty soon, there wont be anyone left with an income to pay taxes.
    • reply
      by Anonymous on Feb 29, 2012 at 05:29 AM in reply to Barlow
      Look folks, a RABID democrat. Beware the vile and venom slander that drips from its defecting jowls. It is devoid of logic and thinking abilities. If you see one, do not get close to it, for it will infect you.
    • reply
      by WOW on Feb 29, 2012 at 10:49 AM in reply to Barlow
      No Barlow, I'm old but I don't want your social security, medicareor your pension. I just don't want to have to give it to you simply because you don't have a job.
  • by Anonymous on Feb 29, 2012 at 02:47 AM
    The USA economy is sitting on 16 trillion dollars of debt, beware of the stock market.
  • by yukon on Feb 28, 2012 at 07:01 PM
    Go Dow cause I needs my Money
  • by Eyes Wide Open on Feb 28, 2012 at 06:02 PM
    Well I guess that's it, Obama has got to be re-elected. Obama single-handedly fixed the stock market, we have no hope left in voting him out this Nov. Nevermind the national debt increasing by $4.8 Trillion and the cost of gas up by $2/gallon, Obama has nothing to worry about in this election!
    • reply
      by To EWO on Feb 28, 2012 at 07:36 PM in reply to Eyes Wide Open
      1.3 Trillion is Obama's policies and he has NOTHING to do with the price of gas. But, just like Bin Laden-you will give him no credit for this either!
  • by So.... on Feb 28, 2012 at 04:35 PM
    ..are my stock dividends gonna go up?
  • by Del Location: Kinston on Feb 28, 2012 at 04:21 PM
    Another punch in the eye for the GOP.Obama weak on terrorism, killing Bin Laden showed that to be incorrect.Bad for economy well the Dow is up and GM and Chrylser are still here.So they revert to their gay bashing and abortion issues,the last resort of desperate men.
    • reply
      by Reverting on Feb 28, 2012 at 06:37 PM in reply to Del
      Yes, back to the idiots nit-picking of two political parties that have little or no difference between them. Carry on sir! (is "Del" short for "delinquent"?)
    • reply
      by Anonymous on Feb 28, 2012 at 09:20 PM in reply to Del
      I believe it was the Bush administration that saved the auto industry, not Obama. Obama didnt kill Bin Laden, the Navy SEALS did. The stock market may have surpassed the 13,000 marks but the U.S. dollar is also worth less than it was 4 years ago.
      • reply
        by Political mish mash on Feb 29, 2012 at 04:06 AM in reply to
        I'd have to agree with Reverting. You political idiots make claims that are false..... about both sides of the aisle. The political rhetoric these days is reckless for all, regardless of party affiliation. Case in point: Bush saved the auto industry.... while Obama had nothing to do with getting Bin laden. Misinformation is all we get from
        • reply
          by Anonymous on Feb 29, 2012 at 05:32 AM in reply to Political mish mash
          But didn't Bush start the auto bailout rolling with 20 billion in the months before he left office?
  • by WhyILoveobama on Feb 28, 2012 at 04:01 PM
    So it closed above what it was when Bush was Prez?obama should really hate this.He has to compare skewing #'s of 3&1/2 years to 6 years of major job growth under George Bush.Dumb dems took over the last two years of GB's presidency and it has been down hill ever since.After all that moola obama spent making our children,grandchildren, for this you would think it would close at the rate when Albert Einstein was around.Go green,it will change everthing!!!Thats whyILoveobama.
    • reply
      by T WILO on Feb 28, 2012 at 07:38 PM in reply to WhyILoveobama
      Job growth under Bush was the worst since WWII!!i noticed you said 6 years-we just forget the other 2? Even the first six was due to an increase in the military employment after we were attacked under him!
      • reply
        by Anonymous on Feb 29, 2012 at 12:44 AM in reply to T WILO
        The other 2 years, the last 2 had a Democrat controlled Congress. That is also the time frame of when the economy started going down hill. Let me get this straight, the economy which Obama has had control over the past 3 1/2 years is still Bush's fault but 9/11 which happened 8 months after Bush was sworn in was his fault? Typical liberal thinking. Blame the bad on others and take credit for something that someone else did.
  • by Anonymous on Feb 28, 2012 at 03:14 PM
    Hooray...Hoorah the bad times are over! Our wonderful reliable stock market is here to save the day!!! What a great day this's history that's what it is. We can all go back to borrowing and spending like before and charging everything on 5 or 10 credit cards!!! Then the crooks on wall street can rob us blind again and never answer to a soul....the end.
  • by Anonymous Location: 70% stocks on Feb 28, 2012 at 02:25 PM

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