Dow closes at record high after spiking even higher

Posted By on October 3, 2006

Dow Jones Industrial ChartFor Tuesday, October 3rd, 2006, the Dow Jones Industrial Average close at its highest level ever at 11,727.74 after spiking at 11,758.95. The surge in stocks was credited to oil slumping to a 14-month low. The thinking is that lower energy costs will boost consumer spending and prevent a slowdown in the U.S. economy.



DJI 1 year  chart
One Year Chart of DJI – Oct 2005 – Oct 2006

Intraday chart of DJI for 10/3/2006
Intraday chart of DJI for 10/3/2006

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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.