Dow Closes Past 12,000

This must be Another Rovian Conspiracy!

The Dow Jones industrial average scored its first close above 12,000 Thursday as Wall Street, contending with fresh data that pointed to a weakening economy, managed to hold on to a slim advance.

One day after the index of 30 blue chip stocks made its first foray past 12,000, the Dow closed at 12,011.73. Strong earnings from Coca-Cola Co. helped lift the Dow to its record, the ninth time in just over two weeks that the Dow has reached a new closing high.

The latest record came on the anniversary of Black Monday in 1987, when the Dow plunged 508 points and also suffered its second-biggest percentage drop in history. The Dow finished that day at 1,793.90 — a far cry from Thursday’s record.

Comments

As a privately owned web site, we reserve the right to edit or remove comments that contain spam, advertising, vulgarity, threats of violence, racism, anti-Semitism, or personal/abusive attacks on other users. The same applies to trolling, the use of multiple aliases, or just generally being a jerk. Enforcement of this policy is at the sole discretion of the site administrators and repeat offenders may be blocked or permanently banned without warning