Dow Closes above 13,000 for First Time since 2008
By: Newsroom Solutions
Updated: February 28, 2012
The Dow Jones Industrial Average is closing above the key 13-thousand-point mark for the first time since May of 2008.
A report on consumer confidence that was better than expected helped push the Dow index higher.
The day's gains were impacted by January's four-percent drop in durable goods orders as businesses cut spending on machinery and equipment.
The Dow finished up 24 points at 13-thousand-five.
The S&P 500 gained five points to 13-72.
The Nasdaq rose 21 points to 29-87.
Oil prices fell two-dollars-and-one-cent to settle at 106-dollars-55-cents a barrel on the New York Mercantile Exchange.
A report on consumer confidence that was better than expected helped push the Dow index higher.
The day's gains were impacted by January's four-percent drop in durable goods orders as businesses cut spending on machinery and equipment.
The Dow finished up 24 points at 13-thousand-five.
The S&P 500 gained five points to 13-72.
The Nasdaq rose 21 points to 29-87.
Oil prices fell two-dollars-and-one-cent to settle at 106-dollars-55-cents a barrel on the New York Mercantile Exchange.
