Dow closes above 36,000 for the first time
CNN
The Dow Jones Industrial Average closed above the 36,000 mark for the first time Tuesday following a gain of about 140 points, or 0.4%. On Monday it had briefly risen above 36,000 Monday but didn't end the day there.
Investors had to wait only a little more than three months for the Dow to climb from its last thousand-point milestone -- 35,000 -- to this one. But for some, the Dow 36,000 vigil has been going on for 22 years.
The Dow 36K prediction was first made by journalist James Glassman and economist Kevin Hassett in October 1999. The Dow was hovering just above 10,000 when their book, "Dow 36,000: The New Strategy for Profiting From the Coming Rise in the Stock Market" was published.
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