Good news! DOW hits 10,000 for the first time in last year
14 October 2009
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The Dow Jones industrial average is back above 10,000 for the first time in a year as investors bet the economy is indeed recovering from the financial crisis and recession.
The Dow Jones industrial average reached 10,000 today for the first time since Oct. 7, 2008.
The milestone, which triggered a whoop from the trading floor, was buoyed by surprisingly strong earnings reports from Intel and JPMorgan. The latter stoked the market’s optimism as it handily beat Wall Street’s expectations, reporting a profit of $3.59 billion for the July-September period.
Investors also believe this signals that the economy is indeed recovering from the financial crisis and recession.
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