Wednesday, February 22, 2012

Dow Passes 13000

The Dow has risen 6.1% over the past seven weeks. With crude-oil prices reaching nine month highs, oil companies are the leading contributors to the Dow's gains. Bullish speculators see attractive stock valuation levels and improving consumer sentiment fueling further market accelerations. However, euro-zone debt woes and bank lending requirements continue to weigh on investor sentiment.

Wall Street Journal
Dow Touches 13000 but Can't Hold On