Hopefully this info transfers to most Americans!
The Dow Jones industrial average briefly traded above 11,000 points on Friday, the latest mile marker in a yearlong rally that has catapulted the stock market from the depths of the financial crisis.
The Dow’s surge reflected a growing sense on Wall Street that the recovery might be accelerating. Risk-shy investors are snapping up stocks amid signs that consumer spending is improving and the economy is adding jobs.
But for all the optimism, some say they believe the market has come too far too fast. The major indexes have reached levels few could have fathomed in the recession’s darker days, climbing at least 68 percent in the last year.
On Friday, the Dow closed at its highest level since September 2008, when the near collapse of the financial system rattled global markets. But it remains a long way from the roaring days before the recession: the index is more than 3,100 points below its record high in October 2007.
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