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Dow Jones closes at record high (BBC)

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eppur_se_muova Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Feb-01-07 08:59 PM
Original message
Dow Jones closes at record high (BBC)
The Dow Jones Industrial Average index closes at a record high after strong earnings and investor confidence that interest rates are stable.

The Dow closed 51.99 points up at 12,673.68, after earlier hitting a new intra-day record of 12,682.57.

Exxon Mobil shares rose 1.3% as annual profits hit $25.36bn (£12.94bn).

Mild consumer price rises, and the Federal Reserve's decision to keep interest rates on hold a day earlier signalled that inflation was in check.

While there have been fears in recent months about a slowdown in manufacturing as well as a shrinking housing market, Federal Reserve comments on Thursday pointed to a solid economy.
***
more: http://news.bbc.co.uk/2/hi/business/6322795.stm

So ... everything's OK, then? Now I can go back to my shows. (No political manipulation here, eh?)
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Mojambo Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Feb-01-07 09:00 PM
Response to Original message
1. Bush's base cleaning up. n/t
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Psephos Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Feb-02-07 12:03 AM
Response to Reply #1
6. Almost everyone who has a pension is helped by this, too.
Endowment funds for nonprofits and universities also get a boost.
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CrazyOrangeCat Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Feb-01-07 09:01 PM
Response to Original message
2. ridin' high . . . and shaky n/t
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jgraz Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Feb-01-07 09:04 PM
Response to Original message
3. You mean dollar closes at record low against stocks ;)
Print some more money, Chimpy.
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BRLIB Donating Member (347 posts) Send PM | Profile | Ignore Thu Feb-01-07 09:38 PM
Response to Original message
4. Min wage passed too-with small business tax breaks
Any connection?
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frylock Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Feb-01-07 09:56 PM
Response to Original message
5. well that should put an end to poverty once and for all
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