Stocks move higher, Dow crosses above 13,000
by Christina Rexrode, AP Business Writer

The Associated Press    Translate This Article
27 July 2012

NEW YORK (AP) - The Dow Jones industrial average briefly flitted above 13,000 at midday, pushed higher after Europe's leaders pledged to keep the euro zone intact.

The Dow powered ahead more than 112 points to cross the key psychological marker, which it hasn't hit in intraday trading since May 8. It hasn't closed above that mark since May 7.

Shortly after midday, the Dow had fallen back to 12,994, still up 106 points. The Standard & Poor's 500 is up 15 to 1,375, and the Nasdaq composite index is up 37 to 2,931.

The jump was driven by a pledge from French and German leaders to preserve the union of the 17 countries that use the euro.

Copyright © 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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