Kruse Kronicle

Dow Jones breaks through 10,000

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by

mwkruse
in

BBC: Dow Jones breaks through 10,000

The Dow Jones Industrial Average has topped the 10,000 mark for the first time in a year.

World markets were boosted by the news that US bank JP Morgan Chase reported a better-than-expected profit in the July-to-September quarter.

The Dow closed 144.8 points higher at 10,015.86 – its highest level since October 2008.

Earlier, European markets had also closed higher, with banking stocks leading the way up.  …

Now if we could bring along some job growth in the Dow's wake, we could really be celebrating.

Comments

2 responses to “Dow Jones breaks through 10,000”

  1. CA Money Avatar
    CA Money

    I wonder what this means or the market. I have a post about it here http://yovia.com/blogs/camoney/2009/10/14/the-dow-breaks-10000/ but I worry about the jobless numbers tomorrow and whether it will sustain these levels!

    Reply
  2. edwin sanchez Avatar
    edwin sanchez

    Sometimes I feel like everybody treats the market as such an abstract impersonal concept… and it is in a sense. It represents the supply and demand of money free for investing I suppose. But what about the pure heart of it – at the core of the stock market isn’t it just someone giving someone else money to do something with it in return for a portion of the hoped for profit?

    Reply

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