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Economy

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Dow Breaks 13,000 For First Time Since '08 Crisis

February 21st, 2012 5:59 pm Associated Press

NEW YORK (AP) — The Dow Jones industrial average crossed 13,000 on Tuesday for the first time since May 2008, when the Lehman Brothers investment bank was solvent, unemployment a healthy 5.4 percent and the worst of the Great Recession months ahead.

The milestone came about two hours into the trading day. The stock market got the final push from strong corporate earnings reports and a Greek bailout deal intended to prevent the next financial crisis.

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