Celina Jade
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Celina Jade in Markets at a glance,

Here’s your best stock-market move after Dow 22,000

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Hang tight in this market.

If there was a Dow 22K party, the invites were few and far between. While the granddad index DJIA, -0.01%  busted to a new all-time high yesterday, the S&P 500 SPX, -0.15%  and Nasdaq Composite COMP, -0.09%  barely budged, and it doesn’t look that exciting in the early going today. Some frankly expected more, such as all boats being lifted after upbeat results from Apple AAPL, +4.33% and others. “The bad news is that despite a number of positive earnings reports from companies, including Apple, Garmin and Allstate which sent their shares up 5%, 4% and 3% respectively, the S&P and Nasdaq were unable to confirm the Dow,” said CMC Market’s Colin Cieszynski, summing up yesterday’s action. And iBankCoin’s The Fly got positively cranky about it, telling readers to stop celebrating Dow 22,000 in a blog post featuring a laundry list of companies whose shares weren’t looking so hot. And maybe that big level is not good news for most Americans anyway, say others.