Dow 11,500

We’re finally even for the century!
The Dow closed at 11,497.12 on December 31, 1999. Today, we’re back above 11,500 for the first time in six years,
This morning, the jobs report came in weaker-than-expected, so bonds are way up, and stocks are following.
The economy added 138,000 jobs last month, which isn’t too good for a recovery. Most on Wall Street were expecting something closer to 200,000. The jobless rate held steady at 4.7%.
The stock market doesn’t seem to mind. The Dow is one good push away from making an all-time high (11,723). The S&P 500, however, still needs to add about 15%.

Posted by on May 5th, 2006 at 10:32 am


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