It has been reported that the average of the Dow Jones Industrial crossed the 11000 mark for a brief period of time and then ducked back right at the close to just a little under that level and it seems that the average was actually lifted due to a wonderful forecast of earnings from Chevron.

The forecast actually lifted the rival Exxon Mobil, but it was a notable fact that the forecast resulted in the slump of Alcoa due to the rating downgrade of the analyst even before the forecast was announced.

The company rose to their highest close ever since September 26 in the year 2008 by 70.28 points which was actually by 0.6 per cent and closed at 10997.35. The average of the whole week was also reported to be the same 70.28 which incidentally marked their gain for the sixth straight week.

Another interesting fact was that this straight gaining streak was the longest for any industrial ever since the month of April in the year 2009 which saw the previous streak. The best performer for the company was also announced to be Chevron and Alcoa kept all the gains in check too.