Dow Ends Above 14,000 For 1st Time Since Oct 2007
Source: Associated Press
NEW YORK The Dow stock market index closed above 14,000 for the first time since before the financial crisis rocked the world economy.
Propelled by strong auto sales and optimism about U.S. jobs, the Dow Jones industrial average crossed the line early Friday and continued flirting with the mark all day. The other major stock indexes also rose.
--CLIP
The government jobs report that pushed stocks forward was mixed. The U.S. said it added 157,000 jobs in January, in line with expectations. But unemployment inched up to 7.9 percent.
Automakers Toyota, Ford, GM and Chrysler all reported double-digit sales gains for January.
Read more: http://www.ajc.com/ap/ap/automotive/dow-ends-above-14000-for-1st-time-since-oct-2007/nWC9X/
Whoop-fn-wee! Gasoline is 3.79g, hamburger 4.00 and property taxes increased by $135!!!
[P]
Yeeeehaw!
SCVDem
(5,103 posts)As if I need it.....
Kingofalldems
(38,468 posts)JoePhilly
(27,787 posts)Hekate
(90,768 posts)albear
(33 posts)President Obama is single handedly killing our economy!
Hillary Clinton 2016!!!!
msongs
(67,432 posts)magic59
(429 posts)Its another bubble waiting to deflate. What goes up always goes down.
newblewtoo
(667 posts)Purveyor
(29,876 posts)with the 'tech bubble'...seriously cleaned.
davidwparker
(5,397 posts)I do have stock, but until real employment comes back, it's more smoke and mirrors than usual.
another_liberal
(8,821 posts)What did you think would happen? He doesn't know the first thing about running a business! Just look at what he's done to the economy . . .
I mean the economy other than the Stock Market and job creation, of course.
steve2470
(37,457 posts)investors might REALLY be happy.
cosmicone
(11,014 posts)primarily due to European money. Europeans don't trust their economies and are heavily investing in US currency and markets. If Europe goes away from austerity and starts a stimulus program instead, the money will change directions just as fast.