Dow opens near post-crisis peak
Associated Press
A brief morning rally Thursday pushed the Dow Jones industrial average above its highest close since the financial crisis of 2008, but disappointing economic data tempered traders’ optimism later in the day, and stocks finished lower.
Solid news on factory orders and strong earnings from U.S. manufacturers, highlighting one of the economy’s bright spots, helped the market open higher. The Dow rose 85 points. But the Dow and broader indexes turned negative after weaker reports on home sales and future economic growth were released in the late morning.