Dow Ends Over 13000 on High Consumer Sentiment (AAPL, MSFT)
Major indices were up today, on news that consumer confidence was at its highest level in nearly four years. The Dow closed at over 13,000; the last time that it was this high was around the same time that consumer sentiment was as strong as it currently is. American banks made $120 billion in net income in 2011, the most that they have made since 2006. In corporate news, all signs are pointing to next week for the release of the next version of Apple's (AAPL) immensely successful iPad line. Not wanting to let their competitor steal all the thunder, rumor is that Microsoft (MSFT) will be unveiling the preview for its Windows 8 operating system very soon.
Word on the Street
- The Dow closed at over 13,000 for the first time in almost four years.
- Consumer confidence is up and trending towards its 2008 levels.
- American banks made the most in 2011 that they have made since 2006.
- Housing prices were down in December.
- The euro is up against the dollar on the ECB's latest activity.
- Apple (AAPL) is holding an event next week where it is expected to unveil its next iPad.
- Microsoft (MSFT) will soon be previewing the next version of Windows.
Published on Feb 28, 2012By InvestorGuide Staff