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Relief as Dow hits milestone
THE DOW Jones industrial average last night closed above 13,000 for the first time since the onset of the financial crisis.
The index ended the day up 0.18 per cent at 13,005.12 after US consumer confidence data and a sharp drop in oil prices boosted investor confidence. It briefly touched the landmark level last week.
The Dow last closed above 13,000 in May 2008, four months before the collapse of Lehman Brothers marked the beginning of a meltdown.