http://money.cnn.com/2007/10/01/markets/markets_0100/index.htm?cnn=yes
Big blue-chip barometer hits intra-day record of 14,111 as Wall Street resumes the recent advance; Citigroup warning, drop in ISM index fuels hope of Fed rate cut.
By Alexandra Twin, CNNMoney.com senior writer
October 1 2007: 3:03 PM EDT
NEW YORK (CNNMoney.com) -- Stocks surged Monday afternoon, with the Dow touching an all-time high above 14,110 as investors shrugged off a profit warning from Citigroup and instead focused on the possibility of more Fed rate cuts.
The Dow Jones industrial average (Charts) added around 210 points with an hour left in the session, rising as high as 14,111.53 and setting a new all-time intra-day high. The previous intra-day high was 14,021.95 from July 19.
More at link...
Big blue-chip barometer hits intra-day record of 14,111 as Wall Street resumes the recent advance; Citigroup warning, drop in ISM index fuels hope of Fed rate cut.
By Alexandra Twin, CNNMoney.com senior writer
October 1 2007: 3:03 PM EDT
NEW YORK (CNNMoney.com) -- Stocks surged Monday afternoon, with the Dow touching an all-time high above 14,110 as investors shrugged off a profit warning from Citigroup and instead focused on the possibility of more Fed rate cuts.
The Dow Jones industrial average (Charts) added around 210 points with an hour left in the session, rising as high as 14,111.53 and setting a new all-time intra-day high. The previous intra-day high was 14,021.95 from July 19.
More at link...
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