Archive for upswing

Breaking- Dow ends at highest point since 2008,


I'm guessing the Capitol Hill bars are filling up early with elephants, Boehner in the lead.

Stocks ended near session highs Friday, with the Dow finishing at its best level since May 2008, buoyed by a monthly government employment report that blew past estimates and a handful of positive economic news.

All three major averages logged impressive gains for the week.

The Dow Jones Industrial Average logged its highest close in almost 3-1/2 years. BofA [BAC 7.84 0.39 (+5.23%) ] and Caterpillar [CAT 113.94 3.61 (+3.27%) ] led the session's blue-chip gainers. The Dow logged its first triple-digit move since January 3.

The S&P 500 logged sharp gains, while the Nasdaq closed at an 11-year high.