Dow Surges Past 11,000 Mark

Fri., March 24, 2000

From Staff

Stocks advanced broadly Thursday, carrying the Dow Jones industrial average over 11,000 for the first time in seven weeks, as a rally in high-tech issues spread throughout Wall Street.

Microsoft set the pace early on, rising sharply after The Wall Street Journal reported the software maker was moving closer toward resolving a government antitrust case.

The advance, which also drove the Standard & Poor’s 500 index into record territory for the third straight day, cemented a stunning comeback for the Dow, which has gained 1,300 points since closing at just above 9,800 on March 14.

The Dow rose 253.16 Thursday to 11,119.86, its first close above 11,000 since Feb. 3. The blue chip index is still 5.1 percent below its closing high of 11,722.98, reached Jan. 14.

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Dow Surges Past 11,000 Mark

Jesse Tinsley

Jim Meehan

Molly Quinn

Rob Curley

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