Fox Business
Expand
Browse All Video
Watch Live

You're watching...

Dow Finally Closes Above 13K

Details

  • Description

    FBN’s Nicole Petallides on the winning stocks that helped boost the Dow above the 13,000 milestone.

  • Duration 1:39
  • Date

Clips

Also in this playlist...

Latest Video

Auto-advance: ON

Auto-advance
View All

Transcript

This transcript is automatically generated

-- moment first to where and why it happened today.

Nicole deadly it is on the floor that he -- stock exchange to go.

-- DL good afternoon everybody will we see the Dow closing above that thirteen thousand mark for the first time.

Since may of 2008 it is a psychological level it is a milestone.

It's great news it's a bullish sign however -- there's a cautionary tone on Wall Street but I just want to take a look at some of the names that helped us along.

In 2012 to bring us to that level -- name like Bank of America which is a big loser.

Back in 2011 doing so well up 46%.

Other winners including Caterpillar Microsoft which hit the new multi year high today Alcoa those -- some of your best performers on the Dow.

Other names that helped us today -- include Johnson and Johnson and Procter & Gamble little defensive when just say.

But the big deal here is that we're.

Greek -- are limping along.

So the trend is your friend -- you noted that Wall Street phrase and it's true the trend has been to the upside.

But a lot of folks on Wall Street are starting to think of -- of the professional guys start to think the market is slightly overbought.

So they're starting to feel like they're gonna take a little money off the table you may see that happening don't forget that march the beginning of march is traditionally.

A time when it sells off everybody remembers march 2009 how about march 2007.

How about march 2003.

So there's a little bit of a cautionary tone.

And -- were also.

Also getting propelled higher as the Euro has -- some recent strength so that too has helped us along big picture out -- Let's take it is a bullish day on Wall Street we can say hello -- finally closed above Dow.

Thirteen thousand -- -- the long enough thank you to go.

Load More