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Article: Stocks rally to nudge indicator near high.
- Article from:
- Daily Oklahoman (Oklahoma City, OK)
- Article date:
- May 14, 2006
CopyrightCOPYRIGHT 2006 The Daily Oklahoman. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Don Mecoy
May 14--The Dow Jones Industrial Average reached a six-year high last week and only a late-week swoon prevented the historic indicator from setting an all-time high.
The equity markets have made a strong recovery from a recession, the dot-com bust and the 9/11 attacks that sent stock prices plummeting. The Dow Jones average added 533 points between the end of March and Wednesday to close to within 81 points of its all-time high of 11,722 on Jan. 14, 2000.
But what does the recovery ultimately mean, and how relevant is the Dow 110 years after its creation by a New York journalist? It depends on who you ask.
"I don't ...