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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsDow Jones industrial average trades above 14,000 for 1st time since Oct. 17, 2007
Via AP on twitter
Update with link:
http://hosted.ap.org/dynamic/stories/U/US_WALL_STREET?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2013-02-01-10-14-04
NEW YORK (AP) -- The Dow Jones industrial average climbed above 14,000 for the first time since the Great Recession.
The index rose as high as 14,000.97 in early trading. The index last traded above 14,000 in October 2007.
The Dow has gained 6.7 percent since the start of the year.
A budget deal, struck at the start of the year in Washington, that allowed the U.S. to avoid the "fiscal cliff" was the catalyst for a January rally. Investors then pushed stocks higher amid optimism that the housing market is maintaining its recovery and that the jobs market is slowly healing.
The index has more than doubled since falling to close at low of 6,547.05 March, 3, 2009 after the Great Recession.
chillfactor
(7,580 posts)it has been close but not over 14000 yet
The Straight Story
(48,121 posts)NEW YORK (AP) -- The Dow Jones industrial average climbed above 14,000 for the first time since the Great Recession.
The index rose as high as 14,000.97 in early trading. The index last traded above 14,000 in October 2007.
The Dow has gained 6.7 percent since the start of the year.
A budget deal, struck at the start of the year in Washington, that allowed the U.S. to avoid the "fiscal cliff" was the catalyst for a January rally. Investors then pushed stocks higher amid optimism that the housing market is maintaining its recovery and that the jobs market is slowly healing.
The index has more than doubled since falling to close at low of 6,547.05 March, 3, 2009 after the Great Recession.
http://hosted.ap.org/dynamic/stories/U/US_WALL_STREET?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2013-02-01-10-14-04
tjwash
(8,219 posts)denverbill
(11,489 posts)Why didn't the American people hire another businessman, like George W Bush? The Dow went from 13500 to 7600 under Bush!
A HERETIC I AM
(24,376 posts)Although the last bottoming didn't occur till a month after Obama was sworn in.