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Press: Sun Sentinel – Dow 14,000

July 20, 2007 11:06 pm

Exciting? Well, kinda. I have been around for many milestones. 14,000 is, well just another number. Why not celebrate 13,723.76?

The Sun Sentinel was excited about it, as was the Associated Press. The article follows with my quotes highlighted:

Horowitz Sun Sentinel

NEW YORK, Wall Street moved soundly higher Thursday, sending the Dow Jones industrials to their first close above 14,000 as investors kept jitters about the economy at bay and focused on a string of upbeat earnings reports.

The Standard & Poor’s 500 index also had a record close.

“Dow 14,000 was inevitable,” said Andrew Horowitz of Horowitz & Co., a Weston firm that manages $70 million. The combination of money available from investors who previously were in real estate, and the market’s own momentum propelled the quick rise. “I don’t think 15,000 will be that far off,” he said.

Profit news from companies like International Business Machines Corp., network equipment maker Juniper Networks Inc., and business software company SAP AG helped lift stocks and boosted investors’ appetite for technology issues. However, the momentum could be short-lived as Google Inc. after the closing bell Thursday turned in a second-quarter profit that fell short of Wall Street’s high expectations.

Resurgent concerns about the health of subprime loans, which are made to borrowers with poor credit history, generally hurt financial stocks, while a report that a would-be suitor for Alcoa Inc. had lost interest kept the Dow Jones industrial average from extending its gains.

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Written by Andrew Horowitz · Category(s) Uncategorized    |  Tags: • •   

7 Responses to “Press: Sun Sentinel – Dow 14,000”

  1. Скачать бесплатно иконки on December 10th, 2008 12:49 am

    трекбэк … идея скачана с данного сайта – ссылка …

  2. caxuneno on December 17th, 2008 12:30 pm

    Автор всё очень метко подметил

  3. MegoMeedDy on January 5th, 2009 4:41 pm

    Отличный пост, прочитав несколько статей на эту тему понял, что всё таки не посмотрел с другой стороны, а пост как-то очень заинтересовал.

  4. Женя on January 20th, 2009 9:55 am

    Супер статья! Подписался на RSS, буду следить =)

  5. Anton on September 17th, 2009 1:40 pm

    Привет, спасибо за статью, давно искал информацию эту….слава богу нашел :)

  6. loveskin on October 13th, 2009 2:29 pm

    Привет мир, было таке мрачное настроение пока не наткнулся на пост, проглядел на одном дыхании. Тема супер.

  7. гадание on October 13th, 2009 11:45 pm

    Здрасте, а вот и я, прекрастный топик, заинтересовало даже.

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