Stop Acting So Surprised That the Dow Just Hit 23,000
Chalk up another historic day for what could very well be the most historic stock market index on the planet, the Dow Jones Industrial Average (DJINDICES: ^DJI). The 121-year-old index wound up gaining 40 points during Tuesday's trading session to close at yet another all-time record 22,997.
But the real news is what happened during Tuesday's trading session. Thanks to a strong earnings showing from healthcare conglomerate Johnson & Johnson, which pushed higher by $4.67 (no small move for the low-volatility healthcare giant), the Dow briefly eclipsed the 23,000-point mark, hitting an intraday high of 23,002. Since bottoming out in March 2009, the Dow has now gained better than 250%.
Image source: Getty Images.
Source: Fool.com
