You are here: Home - Saving & Banking - News -

Dow Jones finishes above 13,000 for first time ever

0
Written by:
26/04/2007

The Dow Jones index of top US shares has closed above the 13,000 mark for the first time in its history, propelled by strong company results.

The index ended the trading day at 13,089.08, up 135.4 points, and gaining 1% on the day. These gains followed three record closing highs in succession last week as investors were buoyed by the powerful corporate performances.

For example, Pepsi’s latest profits were up 16%, while aircraft manufacturer and engineer Boeing recorded a 27% increase.

“The old adage that if American sneezes then the world catches a cold just emphasises how important the world’s largest economy is in the scale of things,” said City analyst Colin Perry.

“Here, though, the good news should ripple out and around the other stock markets across the world, including the UK.”

He continued: “But despite this tremendous achievement, I still see problems centred around possible upheaval in the Middle East, a possible terrorist attack on a major Western city and the ongoing weaknesses in the US housing sector.”

Many observers agreed that the 13,000 level has no real meaning, but represents a hurdle in the sentiment felt by investors. The current sentiment is positive, although one trader said “the only way now is down”.

 

Related Posts

Tagged:

Tag Box

Debt

Pension

Spending

Financial fitness

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Are you a first-time buyer looking for a mortgage?

Look no further, get the help you need by searching for your perfect mortgage

Five ways to get on the property ladder without the Bank of Mum and Dad

A report suggests the Bank of Mum and Dad is running low on funds. Fortunately, there are other options for st...

The essential Your Money guide to the April 2018 tax changes

As we head into the 2018/19 tax year, a number of key changes take place to existing policies while some new i...

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

YourMoney.com Awards 2018

Now in their 21st year, our awards recognise the companies offering the best products and services to consumers

Money Tips of the Week

Read previous post:
British Gas cuts the cost of its energy – again

British Gas is cutting the price of its energy for the second time in six weeks, the Centrica-owned company has...

Close