Dow Pops Through 13,000

For the first time since May 20, 2008, the Dow Jones Industrial Average (DJIA) has poked through the 13,000 level. The index has since come back a little, to 12,997. If the DJIA should finish above 13,000 today, that would be the first time that has happened since May 19, 2008.

The gain is broad-based across sectors, with energy and materials leading the way as commodity prices rise on a weaker dollar. The agreement on the Greek bailout had some effect early, but markets had already priced the move in. If anything, questions about whether or not a new Greek government will abide by the agreement are weighing on markets more than anything else.