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The Dow stock market index closed above 14,000 on Friday for the first time in more than five years, putting it just 155 points away from regaining its highest close ever. Strong auto sales and optimism about U.S. jobs fueled the rally.
The Dow Jones industrial average rose 149.21 points, or 1.08 percent, to 14,009.79.
The Standard & Poor’s 500 rose 15.06 points, or 1.01 percent, to 1,513.17.
The Nasdaq composite index rose 36.97, or 1.18 percent, to 3,179.10.
For the week;
The Dow is up 113.81 points, or 0.82 percent.
The S&P 500 is up 10.21 points, or 0.68 percent.
The Nasdaq is up 29.39 points, or 0.93 percent.
For the year:
The Dow is up 905.65 points, or 6.91 percent.
The S&P 500 is up 86.98 points, or 6.1 percent.
The Nasdaq is up 159.59 points, or 5.29 percent.
From washingtonpost.com
There are still some people who still think the economy is not really growing stop listening to Faux News and Rush
As long as we keep printing money the market will continue to rise.
Where do you think that $85 billion per month is going that the Fed is pumping into the system ?
It is obvious that the idiots on the left have no idea about economics and something called QE!!! All fooled by smokes & mirrors!!! But keep believing your "progressive" crap. WOW!!!
That hasn't been true since the 401K was invented.
Exactly. I am about 5 years from 59.5 and may go to self-employment then if the stock market does well. I like being self-employed, but always made more money in the corporate world.
Problem is the $$$ is nowhere near what it was worth in 1999, but hey we can all pretend it is!!!
Party like its 1999!!!
What does 1999 have to do with anything?
But since you brought it up, the CPI in February 1999 was 164.5 (where 1982-84 = 100). In December 2012 it was 229.59. So that's a 39% increase -- or, if you prefer, a 39% decrease in the value of the dollar.
The Dow in February 1999 was at 9600. Today it's at 14,000. That's a 46% increase.
So someone who got into an index fund in February 1999 would be better off today even in inflation-adjusted terms.
But since you brought it up, the CPI in February 1999 was 164.5 (where 1982-84 = 100). In December 2012 it was 229.59. So that's a 39% increase -- or, if you prefer, a 39% decrease in the value of the dollar.
The Dow in February 1999 was at 9600. Today it's at 14,000. That's a 46% increase.
So someone who got into an index fund in February 1999 would be better off today even in inflation-adjusted terms.
Right. That comes out to a geometric average return of .4% per year since 1999. Let the good times roll.
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stop listening to Faux News and Rush
