Can Bulls Carry the Dow Beyond 14,000 to New All-Time Highs?

Dow Jones Industrial Average approaches 14,000 on earnings and economic hopes.

The Dow Jones Industrial Average (NYSEARCA:DIA) approaches the  14,000 level, a psychologically and technically important level, closing Tuesday’s trading session just 45 points away from the magic number.

spy, dia, qqq, Dow Jones Industrial Average, iwm, earningsiscal cliff, etfThe Dow Jones Industrial Average (NYSEARCA:DIA) finished Tuesday at levels not seen for five years and touched 13,969 during the trading day.  The Dow Jones Industrial Average’s all time closing high is 14,164, set in October, 2007, approximately 1.5% above today’s closing price.

The S&P 500 (NYSEARCA:SPY) also climbed today, up 0.51% to 1507 which is also near its all time closing high of 1565, set in October, 2007.

 

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The rally in the Dow Jones Industrial Average (NYSEARCA:DIA) has been fueled by positive earnings reports, with more than 60% of S&P 500 (NYSEARCA:SPY) companies beating earnings estimates so far in the current earnings season.