October 03, 2006

Dow Closes at All Time Record High

The charge was led by lower oil prices combined with a jump in media stocks due to the recent Tom Foley, Bad Gay incident.

CNN/Money:NEW YORK (CNNMoney.com) -- The Dow Jones industrial average hit its highest level ever Tuesday afternoon, taking out the record trading high hit in January 2000, before backing off a little bit, as investors scooped up a variety of shares amid slumping oil prices.

The Dow industrials (up 78.36 to 11,748.71, Charts) added 0.6 percent with roughly 2 hours left in the session and took out its all-time trading high of 11,750.28 hit on Jan. 14, 2000. The Dow reached as high as 11,755.35 before easing.

The blue-chip indicator remained above its record closing high of 11,722.98, also hit on Jan. 14, 2000.

The Dow closed at a record 11,727.34. Up over 9 % so far in 2006.

Ace can relax now. The dow has been teasing him all summer.

Hat Tip: Punk2.

By Howie at 02:57 PM | |