The Dow Jones Industrial Average, a longtime bellwether for the U.S. economy, flirted yesterday with a high-water mark not seen since Lehman Brothers’ collapse triggered an economic implosion more than 4 years ago.
The Dow reached 13,005.04 at one point yesterday, before subsiding to close at 12,965.69 yesterday. It’s the first time the index has climbed that high since May 2008.
Investors were heartened by a deal struck in the European Union to resolve Greece’s debt crisis and by positive earnings results from a pair of American stalwarts.
The Dow opened today at 12,966.22 and was at 12,952.29 as of about 1:20 p.m., down 0.1% on the day.
Teleflex inks PCA pump GPO deal
Teleflex (NYSE:TFX)announced a four-year contract with the Asklepios Hospital Group for the ambIT PCA pump, which is distributed by Teleflex. The Asklepios Hospital Group includes more than 100 health facilities with more than 18,500 beds. Read more
- InVivo Therapeutics offering hits $20M mark
- SafeStitch Medical closes $8.3M offering
- Vascular Magnetics raises $7M in Series A round
- Cerapedics drums up $3M
- Dentsply (NSDQ:XRAY): Barrington Research maintains $45 price target, rating.
- Medtronic (NYSE:MDT): Credit Suisse downgrades from "outperform" to "neutral," sets $43 price target; Deutsche Bank downgrades from "buy" to "hold," sets $41 price target.
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