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Dow rides bull: Surge over 11,000 refreshes market optimism.
Byline: Tom Walker
Jan. 10--The Dow Jones industrial average, which ended 2005 slightly in the red, came roaring back Monday to close above 11,000 for the first time in 4 1/2 years.
With the economy growing and inflation under control, Wall Street's oldest and most famous stock market index, which flirted with 11,000 on two occasions last year, delivered for investors this time. It gained nearly 53 points to close at 11,011.90.
The Dow's advance brings the famous index of 30 blue chip stocks in line with the broader market, which moved to 4 1/2 year highs late last year.
That makes 11,000 more than just a symbolic, round number because it reinforces the forecast that the 3-year-old bull market is alive and well, and not likely to turn sour in 2006.
"It's more important that the Dow broke into a new high rather than what the specific number is," said Atlanta…
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Source: HighBeam Research, Dow rides bull: Surge over 11,000 refreshes market optimism.
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