"Dow Jones Industrial Average Closes at All-Time High" PBS Newshour 3/5/2013
Excerpt
GWEN IFILL (Newshour): It was a record day for Wall Street today, as the Dow Jones industrial average climbed to its highest levels ever. The Dow, made up of 30 blue-chip stocks, gained nearly 126 points to close at 14,253. The previous closing record was set in October 2007, at 14,164.
Then came the housing crash and the financial crisis, sending the Dow spiraling to 6,547 by March 2009, before its long road back. Several other indexes are also rebounding. The S&P 500 was up 14 points to finish at 1,539, within striking distance of its record of 1,565 set in 2007.
We look behind the rally and these numbers with Barry Ritholtz, a market strategist, author and CEO of Fusion IQ, an online research firm. He blogs at The Big Picture. And Matt Phillips, who writes for Quartz, a digital news site that covers the global economy for Atlantic Media.
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