By Pras Subramanian | Hot Stock Minute – 2 hours 14 minutes ago
After several intraday crosses during the week, the Dow Jones Industrial Average (^DJI)
finished above 16,000 for the first time. Today's milestone move for
the Dow came after a late-day slide on Wednesday. Stocks started off
strong due to encouraging jobless claims reports, then took off on news
that the Senate Banking Committee had cleared President Obama's nominee
to lead the Federal Reserve, Janet Yellen, for a full Senate
confirmation after the Thanksgiving break.
Many on Wall Street believe
Janet Yellen will continue the market-friendly policies of the current
Fed Chairman, Ben Bernanke.
The
blue chips ending up climbing 109 points on Thursday, or 0.69%,
finishing at 16,009.99. The Dow components were strong ...
