Independent, Fee-Only Financial Advisor
Monday, April 12, 2010
Today marks a much-anticipated milestone for the stock market since its crash in August of 2008. The Dow Jones Industrial Average finally closed above 11,000 for the first time in almost two years. Optimism about the earnings season has been simmering for weeks, fueling major averages to new 18-month highs. At the same time, however, they've often seemed to struggle around milestones, with some traders taking short-term profits ahead of breakthroughs to new levels. In other markets, the dollar rose against the yen, but fell against the euro, which strengthened following Sunday's news that euro-zone nations are willing to lend Greece approximately $40 billion. DJIA +8.62 Nasdaq +3.82 S&P 500 +2.11.