Gary Poster, with essential assists from Galyn Norwood, Phiroon Phihakendr, Jose Quijada, Pavandeep Kalra. Dow crosses 11,000 as investors greedily snap up Old-Economy stocks.
Techs continue tepid turn.
Tobacco stocks are hot, hot, hot. Media wars at home and abroad. So ravenous was their appetite for blue-chip stocks, they actually catapulted the Dow past 11,000 for the first time since April. For no good reason, really. Sure, the Commerce Department reported that wholesale prices held steady last month, a sign that the Federal Reserve's interest-rate hikes might actually be working.