Dow finishes above 11,000, first time since Sept 2008
April 12, 2010
U.S. stocks closed slightly higher on Monday, with the Dow Jones Industrial Average finished above 11,000 points for the first time since Sept. 26, 2008. The move was the latest milestone in a rally that has brought Wall Street back from the verge of economic
collapse.
It came amid signs that U.S. companies were poised to report strong first-quarter profit with earnings season beginning this week, as well as investors welcomed a rescue plan for Greece. On Sunday, European Union officials delivered details of a $40 billion rescue package.
The Dow added 8.62 points to 11,005.97. Other Wall Street indexes followed the Dow’s lead. The S&P 500 Index rose 2.11 points to 1,196.48, while the Nasdaq Composite Index climbed 3.82 points to 2,457.87.