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Last Updated: Saturday, 21 April 2007, 00:29 GMT 01:29 UK
Dow Jones sets another fresh high
Trading floor of New York Stock Exchange
Investors wonder if the Dow Jones will break the 13,000 mark
The Dow Jones has set a fresh closing high - for the third day in a row - helped by strong corporate earnings, edging towards the key 13,000 mark.

The blue-chip index ended the week 153.35 points or 1.2% up at 12,966.29, after Thursday's 12,808.6 close.

Meanwhile the Nasdaq and the Standard & Poor's 500 index closed at their highest in over six years.

Strong earning reports from Google, McDonald's and Honeywell have all helped to boost investor confidence.

Industrial conglomerate Honeywell's shares ended Friday 4.8% up at $51.40, after better-than-forecast results.

Other gainers included industrial equipment firm Caterpillar, which added 4.6%. Even though the firm's profits declined it raised its forecast for the year.

On Thursday, internet giant Google issued results that showed a 69% rise in profits for the first three months of this year, beating expectations. Its shares ended 2.3% higher.

The Dow Jones has hit more than 30 record closes since October.

Analysts now say it is possible that the index of leading shares will break the critically important 13,000 mark.

The Standard & Poor's 500 index added 13.62, or 0.93%, to 1,484.35 while the Nasdaq climbed 21.04, or 0.84% to 2,526.39.

These recent climbs contrast with a period of extreme volatility in world markets earlier in the year.




MARKET DATA - 11:36 UK

FTSE 100
5429.64up
23.70 0.44%
Dax
5733.05up
19.54 0.34%
Cac 40
3784.02up
14.48 0.38%
Dow Jones
10403.79up
78.53 0.76%
Nasdaq
2273.57up
35.31 1.58%
S&P 500
1115.71up
11.22 1.02%
BBC Global 30
5707.15up
20.65 0.36%
Data delayed by at least 15 minutes


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