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Breakthrough for the Dow
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| Contributor | NoMoreBS |
| Last Edited | NoMoreBS Jan 10, 2006 12:31am |
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| Category | News |
| Media | Newspaper - Washington Post |
| News Date | Tuesday, January 10, 2006 06:30:00 AM UTC0:0 |
| Description | After months of hesitation, the Dow Jones industrial average finally broke through the 11,000 mark Monday, extending a New Year's rally that has sent all the major market indicators to four-year highs.
Money managers, traders and economists said the symbolism of piercing a level not seen since June 2001 could have a significant impact on investor confidence. More importantly, financial experts said that while irrational exuberance may have helped drive the Dow past 11,000 the last time around, the current rise appears more grounded in economic and market fundamentals. |
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