The Economy Sizzles
April 25, 2007
For most Presidents, breaking economic records would be enough for ones legacy. But while the Dow broke its highest ever going above 13,000 for the first time. But Congress is looking at bleeding the trops out of Iraq. A fitting term sense this is what the Democratic led Congress would do, put more kids in body bags. In the name of Politics.
U.S. stocks extended their biggest monthly rally in more than three years and the Dow Jones Industrial Average surpassed 13,000 for the first time, spurred by profits that topped analysts’ forecasts at Boeing Co. and Amazon.com Inc. More than two-thirds of 230 Standard & Poor’s 500 Index members have reported profits that topped analysts’ forecasts. The Dow industrials added 135.95, or 1.1 percent, to 13,089.89, its highest close ever.
The S&P 500 increased 15.01, or 1 percent, to 1495.42, its highest since September 2000. Its 5.2 percent advance in April is the most for a month since October 2003. The Nasdaq Composite Index gained 23.35, or 0.9 percent, to 2547.89.
All but one of the 30 Dow industrial members rose today. The benchmark reached the 13,000 milestone 128 trading days after breaching 12,000, about 15 times faster than the prior 1,000- point advance.
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