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Another Record Day for DJIA
added: 2007-07-17

It was another record day for the Dow Jones Industrials in New York on Monday, though the broader market felt some pressure ahead of the week's earnings and economic news, which includes inflation data both at the wholesale and consumer level.

For now let's take a look at the numbers, The Dow Jones Industrials climbed 44 points closing at another all-time record high of 13,951; the S&P500 lost 3 points to 1,550, and the Nasdaq eased 10 points to finish at 2,697.

In company news, takeover speculation surrounding Verizon helped drive the Dow to record heights. Shares in the company rose 2.39% to $42.76 after the Financial Times reported that Vodafone is weighing whether to make a $160 billion bid for Verizon. Vodafone Group denied the report, but investors were unfazed.


Source: ACN Network

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