Dow Jones Closes Above 15,000 For First Time | WAMU 88.5 - American University Radio

NPR : News

Filed Under:

    Dow Jones Closes Above 15,000 For First Time

    The Dow Jones Industrial Average closed above 15,000 on Tuesday for the first time in its history.

    The Wall Street Journal reports:

    "The Dow's push above 15000 comes as investors' confidence in the economic recovery grows. While earnings reports have been lackluster in recent weeks, a strong report on U.S. hiring last Friday helped dispel worries about a slowdown in the economic recovery like the ones the U.S. has suffered in recent spring seasons.

    "'Investors have played the worry game, and those that have sat on the sidelines in cash are starting to question that, because this has been a pretty resilient market,' said Sean Lynch, global investment strategist at Wells Fargo Private Bank, which oversees about $170 billion in assets."

    So far this year, reports CNBC, the Dow has surged 14 percent. The S&P isn't far behind, climbing 13 percent.

    Copyright 2013 NPR. To see more, visit http://www.npr.org/.

    NPR

    Church Of Scientology Calls New HBO Documentary 'Bigoted'

    The filmmaker says Going Clear, harshly critical of the Church of Scientology, is about the dangers of "blind faith." The church has hit back with an aggressive public relations effort of its own.
    NPR

    Think Nobody Wants To Buy Ugly Fruits And Veggies? Think Again

    Remember that old movie trope, in which the mousy girl takes off her glasses to reveal she was a beauty all along? A similar scenario is playing out among food waste fighters in the world of produce.
    NPR

    Amazingly, Congress Actually Got Something Done

    The leaders and members must, in a word, compromise. And on this occasion, Speaker John Boehner and Minority Leader Nancy Pelosi did just that, with skill and savvy.
    NPR

    Can Republicans Get Ahead In The 2016 Digital Race?

    When Sen. Ted Cruz threw his hat into the ring, it happened first on Twitter. Political news is breaking more and more on social media, and both sides face different challenges in reaching out.

    Leave a Comment

    Help keep the conversation civil. Please refer to our Terms of Use and Code of Conduct before posting your comments.