Dow tops 12,000 for first time since June 2008

More signs that the U.S. economy's fourth-quarter momentum has spilled into 2011 are giving stock market bulls a fresh jolt of confidence.

The Dow Jones industrial average on Tuesday closed above 12,000 points for the first time since June 2008 — another milestone in the market's rebound from its deep plunge after the financial crisis.

Shaking off the continuing social unrest in the Middle East, the Dow jumped 148.23 points, or 1.2%, to end the session at 12,040.16.

Read Full Article from Los Angeles Times

- Posted: 2011-02-01 21:14:01

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