|Caroline Valetkevitch – Reuters
Dow Ends Above 23,000 for Frist Time
Summary: The Dow Jones Industrial Average closed above 23,000 for the first time last week, driven by a surge in IBM’s stock price. It was the fourth time this year that the Dow has reached a 1,000-point milestone. The level itself has little meaning, but clearing a record high tends to encourage capital inflows into equities which can support a short-term rise in the index.