Dow crosses 13,000 for first time since 2008
NEW YORK – It came and went in a flash each time, a number on a board for mere seconds, but its symbolic power couldn't be dismissed.
The Dow Jones industrial average, powered higher all year by optimism that the economic recovery is finally for real, crossed 13,000 on Tuesday for the first time since May 2008.
The last time the Dow was there, unemployment was 5.4 percent, and Lehman Brothers was a solvent investment bank. Financial crises happened in other countries, or the history books.
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