Wednesday, December 22, 2004

Dow Jones Soars

The NYSE's Dow Jones Industrial average closed at 10,815.89. The first time the Dow has closed that high since June 13, 2001, and is the first time over 10,800 since before 9/11. And again...President Bush accomplished this before his first term was finished. If all goes well, the market should close over 11,000 before January, and the reinaugurate. The market was helped by a $1.42 drop in the price of a barrel of oil from the middle east, dropping the cost to $44.24, which is still higher than a few weeks ago and the teasing of a possible 30 something dollar a barrel of oil.
NASDAQ also closed up, at slightly higher than 2157.