Dow breaks 11,000 mark before finishing lower
A trader works on the floor of the New York Stock Exchange during mid-day trading April 9, 2010 in New York City. Credit: Getty/Mario Tama
Fresh signs that the economy continues to recover sent the Dow Jones industrial average briefly above 11,000 for the first time in 18 months.
The Dow hadn’t crossed that level since Sept. 29, 2008.
The Dow briefly went over 11,000 with about five minutes left in trading Friday before settling slightly lower. The Dow had come within 12 points on both Monday and Tuesday.
According to preliminary calculattions, the Dow rose 70.28, or 0.6 percent, to close at 10,997.35. The Standard & Poor’s 500 index climbed 7.93, or 0.7 percent, to 1,194.37. The Nasdaq composite index rose 17.24, or 0.7 percent, to 2,454.05.
Two stocks rose for every one that fell on the New York Stock Exchange, where volume was 970 million versus 1 billion shares Thursday.
