All 3 Majors Gain Again As The DJIA Breaks The 11K Mark

On Friday, we predicted that The Dow Jones Industrial Average (DJIA) would break the 11,000 mark this week, but we didn't expect it to happen so early in the week. Today, the DJIA crossed the 11K threshold for the first time since the summer of 2001, helped by a 7.7% gain by General Motors and continued good feelings about interest rates. Hallelujah.

GM added $1.61 to close @ $22.41 per share, helped by positive news from within the company and from a Goldman Sachs analyst. The Detroit Auto Show may also have played a part in GM's positive numbers today.

Google's up again, closing @ $466.90 per share today.

Homebuilders did well today. Luxury home builder Toll Brothers added $0.81 to close @ $29.26 per share, Pulte added $2.46 to close @ $44.08 per share and D.R. Horton gained $2.70 to close @ $39.95.

Tyco International gained $1.06 to close @ $31.04 per share as investors responded to an unconfirmed report that the company's board may be planning on slicing Tyco into 3 parts.


Today's Numbers:

DJIA: Closed Up @ 11,011.90 (+52.59)

NASDAQ: Closed Up @ 2,318.69 (+13.07)

S&P 500: Closed Up @ 1,290.15 (+4.07)

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NYMEX Crude Oil Future is currently $63.27/barrel

New York Spot Gold closed @ $548.80/ounce

Currently, The U.S. Dollar buys 0.8285 Euros

Currently, The Euro buys 1.207 U.S. Dollars

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