Dow Ends Above 14,000 For 1st Time Since Oct 2007

[MaxShimba]

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: Dow ends above 14,000 for 1st time since Oct 2007 | www.ajc.com

 

[emalau]

Is that good for obama's legacy?

 

[MaxShimba]

Is that good for obama's legacy?

Oh yes, when he took office DOW was 6750, Everything is Dow Jones.

 

[Kiranga]

Watu walikuwa wanasubiri uchaguzi tu.

That suspenseful rhetoric was not good.

Let the good times roll.

 

[MaxShimba]

Since 2007? I thought President Obama took office in 2009 and the markets all crashed after that!! Tell us they didn't crash under the Republican administration of "W". Tell us that a Republican didn't create the largest recession and near-depression since 1929.

 

[MaxShimba]