Dow Jones tops 11,000 for first time since 9/11

By
January 9, 2006 23:51

 
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The Dow Jones industrial average closed above 11,000 Monday for the first time since before the Sept. 11, 2001, terrorist attacks, buoyed by a rally that has sent stock prices soaring through the first five sessions of 2006. The average of 30 blue-chip stocks ended the day at 11,011.10, according to preliminary calculations, its first finish above 11,000 since June 7, 2001, when it closed at 11,090.74. Monday's advance followed a 241-point surge last week as investors grew increasingly optimistic that the Federal Reserve will soon end its string of interest rate hikes. Investment firms' upgrades of Dow components General Motors Corp. and JPMorgan Chase & Co. gave the Dow the final push above 11,000 Monday.

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