Dow 13000

Wow, what a day!
The Dow (^DJI) shot up 135.95 points to break 13000. This comes just 127 trading days after breaking 12000. The index closed today’s trading at 13089.89.
The bull keeps on charging. I’m too modest to mention that I defended the bull six months ago and again two months ago, so I’ll just play it cool.
The Dow isn’t the only one partying. The S&P 500 is at 1495.42, only inches away from 1,500 — a number it hasn’t seen in over six years. The Nasdaq is at 2547.89 and is closing in on 2,584 which is a Fibonacci number. I have know idea what it means, but you can use this as a conversation starter.
What pushed us over the top today is what’s been driving us all along, energy. The S&P Energy Index (^DJUSEN) was up 2.07%. The Morgan Stanley Cyclical Index (^CYC) shot up 1.28% to close at 1,010.56, its first ever close over 1,000.
Here’s my estimate of how many Dow points each stock has added since October 19 when the Dow broke 12000:
Honeywell………………………100.85
Boeing…………………………….99.80
Altria……………………………….99.06
IBM…………………………………94.27
Exxon……………………………..82.81
Alcoa………………………………66.88
Merck……………………………..64.20
McDonalds……………………….63.88
Coke……………………………….55.51
JP Morgan Chase………………48.35
AT&T……………………………….43.80
DuPont……………………………40.39
Amex………………………………35.35
Caterpillar………………………..34.21
Citi………………………………….31.94
Disney……………………………..30.31
Home Depot……………………..29.17
AIG………………………………….27.39
United Tech………………………24.71
HP…………………………………..18.77
Intel………………………………….9.98
Procter & Gamble………………..8.37
Microsoft……………………………5.69
3M……………………………………4.63
Verizon……………………………..3.58
Wal-Mart……………………………2.60
GE…………………………………….1.06
Pfizer………………………………-11.05
GM………………………………….-16.01
J&J………………………………….-27.31

Posted by Eddy Elfenbein on April 25th, 2007 at 4:01 pm

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