Dow Jones Breaks 11,000
{{date|January  9, 2006}}
Lower [[w:oil|oil]] and [[w:natural gas|natural gas]] prices and a [[w:General Motors|General Motors]] (GM) upgrade sent the [[w:Dow Jones Industrial|Dow Jones Industrial]] above the 11,000 mark  for the first time since before September 11, 2001. The last time the Dow was above eleven thousand was June 13, 2001 when it closed at 11,012.40 before retreating slightly. The Dow's alltime record was set back on January 14, 2000 when it closed at 11,722.98.

The impact of the Dow even getting to 11,000 is "psychological and hard to measure, but clearly you can't dismiss it," said Hugh Johnson, chairman of asset management company Johnson Illington Advisors. "If it wakes up investors then it is of some value."

General Motors (up $1.09 to $21.89) was the Dow's biggest gainer, up five percent, after [[w:Goldman Sachs|Goldman Sachs]] raised its rating on the automaker.

[[w:Sirius Radio|Sirius Radio]] also added to the Dow's gain, up nearly 2 percent (to $6.65) as [[w:Howard Stern|Howard Stern]] made his debut on the satellite waves.

Oil prices, although still high, fell $1.21 to $63.05 a barrel. 

=Sources=
*{{source|url=http://money.cnn.com/2006/01/09/markets/markets_newyork/index.htm?cnn=yes|title=Dow touches 11,000|author=|pub=CNN|date=January 9, 2006}}
*{{source|url=http://articles.moneycentral.msn.com/Investing/CNBC/Dispatch/060109markets.aspx|title=Dow crosses 11,000 as rally continues|author=Charley Blaine|pub=Associated Press|date=January 9, 2005}}

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[[Category:United States]]
[[Category:Economy and business]]
Lower oil and natural gas prices and a General Motors (GM) upgrade sent the Dow Jones Industrial above the 11,000 mark  for the first time since before September 11, 2001. The last time the Dow was above eleven thousand was June 13, 2001 when it closed at 11,012.40 before retreating slightly. The Dow's alltime record was set back on January 14, 2000 when it closed at 11,722.98.

The impact of the Dow even getting to 11,000 is "psychological and hard to measure, but clearly you can't dismiss it," said Hugh Johnson, chairman of asset management company Johnson Illington Advisors. "If it wakes up investors then it is of some value."

General Motors (up $1.09 to $21.89) was the Dow's biggest gainer, up five percent, after Goldman Sachs raised its rating on the automaker.

Sirius Radio also added to the Dow's gain, up nearly 2 percent (to $6.65) as Howard Stern made his debut on the satellite waves.

Oil prices, although still high, fell $1.21 to $63.05 a barrel. 

=Sources=
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United States Economy and business