Dow Jones Industrial Average Passes 13,000 - NewsOn6.com - Tulsa, OK - News, Weather, Video and Sports - KOTV.com |

Dow Jones Industrial Average Passes 13,000

Updated:
NEW YORK (AP) _ It looks like a cause for celebration: The Dow Jones industrial average surged from 12,000 to 13,000 in just six months. But appearances can be deceiving, and there may be more reason to worry rather than rejoice about Wall Street's latest accomplishment.

Stronger-than-expected profits from several large companies have fueled the stock market's recent rally to historic heights, but many of the same worries that weighed on investors earlier in the year remain: rising energy costs, a slumping housing market and a possible credit crunch.

The stock market's best-known indicator surged past its latest milestone shortly after trading began, and even inched past 13,100, rising as high as 13,102.90.
Powered by Frankly
News On 6
303 N. Boston Ave.
Tulsa, OK 74103
Newson6.com is proud to provide Oklahomans with timely and relevant news and information, sharing the stories, pictures and loves of Oklahomans across our great state.
All content © Copyright 2000 - 2017 KOTV. Oklahoma Traveler™ is a registered trademark of Griffin Communications. All Rights Reserved.
For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.