National News

Dow breaks 13,000 for first time since '08 crisis

Font size

Posted: Feb 21, 2012 11:14 AM
Source: Associated Press

  Rating: 0.0 (0 votes)

Topics: wall street, stock, dow, money

NEW YORK- The Dow Jones industrial average crossed 13,000 but didn't stay there long.

It was the first time the Dow moved above that level since May 2008, when the Lehman Brothers investment bank was still solvent and before the worst phase of the financial crisis.

The milestone came about two hours into the trading day Tuesday. The stock market got the final push from strong corporate earnings reports and a Greek bailout deal intended to prevent the next financial crisis.

The Dow moved above 13,000 for about 30 seconds at about 11:30 a.m. before dropping back just below that level.

The Dow was up 37 points at 12,987 at midday. The S&P 500 was up 4 at 1,365 and the Nasdaq was up 10 at 2,961.

comments powered by Disqus

Most Popular