Dow closes above 11,000 for first time since ’08

[EV_Ares]

The Dow is coming off its sixth straight weekly gain. The index climbed above 11,000 for the first time since September 2008 in the final moments of trading Friday before ending just below that threshold.

Bond prices rose Monday after the deal to help Greece reduced concerns that its problems would hurt the world's debt markets. The rise in prices pushed down yields. The yield on the benchmark 10-year Treasury note fell to 3.84 percent from 3.88 percent late Friday.

Gold rose. Crude oil fell 63 cents to $84.29 per barrel on the New York Mercantile Exchange.

Reports on inflation, retail sales, manufacturing and housing will be released during the week. Intel Corp., JPMorgan Chase & Co., Bank of America Corp., Google Inc. and General Electric Co. all slated to report earnings this week.

http://www.msnbc.msn.com/id/36413829/ns/business-stocks_and_economy/

[Subdivisions]

1. Woo-Hoo!!! EVERYBODY IN! n/t

[Confusious]

2. And? where are the jobs? nt

[FrenchieCat]

5. No news is good news

if it's reflects positively on this administration, is it?

[spanone]

8. you've got that right fc

[LanternWaste]

6. I think the stock market is considered a leading indicator

I think the stock market is considered a leading indicator (leading as in vanward), thus the job market would most likely follow rather than run concurrent. Hopefully, this indicates that jobs will begin appearing in greater numbers.

[Junkdrawer]

3. Obligatory put down of Obama's banking policy critics....

Celebration of TARP program....

[Towlie]

4. And the S&P 500 is very close to breaking 1200.

[TheCowsCameHome]

7. I'm for that.

:thumbsup:

[kimmerspixelated]

9. It's always good to have something positive

coming out of the financial market!

[doc03]

10. I can imagine how the Republicants would be

talking about that if McCain was President. They would be calling it the McCain recovery and telling us how McCain saved the country when he suspended his campaign back in October 2008 and saved the day with the TARP bailout. Of course now you can tune in CNBC and hear Larry Kudlow claim that it was those little mustard seeds Bush planted before leaving office. The Democrats should have called the recession the "Bush Depression" every day, they didn't. Now we are going into a recovery and they don't even take credit for it either, they should be claiming the stimulus was responsible for it.:banghead: