The Dow moves above 13,000, but closes 0.1% down instead

Posted By on February 27, 2012

The Dow once again inches past the 13,000 market, but somehow can’t quite close above this psychological level.

dowcloseto13000_120227

For a few moments Monday, it looked like it was finally happening. But the Dow Jones Industrial Average failed yet again to close above 13000.

The average ended down 1.44 points, or less than 0.1%, at 12981.51. It was the fifth day traders had toyed with the 13000 marker, a level seen as psychologically, if not technically, important to the market.

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Comments

Desultory - des-uhl-tawr-ee, -tohr-ee

  1. lacking in consistency, constancy, or visible order, disconnected; fitful: desultory conversation.
  2. digressing from or unconnected with the main subject; random: a desultory remark.