It took the Dow Jones industrial average just 139 days to climb from 15,000 to 16,000. The big question for investors is: Does that signal the start of a new round of buying or the end of the rally?
|March 1999||10,000||Up 8.7%|
|May 1999||11,000||Down 3.2%|
|Oct. 2006||12,000||Up 2.5%|
|April 2007||13,000||Up 3.7%|
|July 2007||14,000||Down 6.3%|
|May 2013||15,000||Up 1.3%|
What do the pros say? Basically, anything you want to hear. Some predict the Dow will rise to 20,000. Others say we're in another bubble that's about the burst.
The Dow (^DJI) rallied 109 points Thursday, closing at 16,010. The Standard & Poor's 500 index (^GPSC) gained 14 points and the Nasdaq composite index (^IXIC) rose 48.
UPS (UPS) says it will raise most rates by nearly 5 percent. That applies to ground delivery of packages as well as some air and international service.
Microsoft (MSFT) first new Xbox video game console in eight years is now on sale. It's designed to be more than a game player by connecting with your cable box to enhance TV viewing and other entertainment options. It costs nearly $500. That's $100 more than Sony's (SNE) PlayStation4, which sold more than 1 million units when it debuted last Friday.
"The Hunger Games" movie sequel also debuts Friday, and it's expected to ring up big box-office sales for Lions Gate Entertainment (LGF). The movie will be seen in 65 countries, including China. The original "Hunger Games" movie took in nearly $700 million in ticket sales.
And Pandora Media (P) may be hitting a sour note with investors. The music streaming service is set to decline even though earnings met expectations. But Pandora rival Spotify raised $250 million in new financing that will allow it to expand into new markets. That will add competitive pressure to Pandora.
-Produced by Drew Trachtenberg.