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Article: Dow rages back over 10,000; Milestone celebrated with tone of caution.(PAGE ONE)
- Article from:
- The Washington Times (Washington, DC)
- Article date:
- October 15, 2009
CopyrightCOPYRIGHT 2009 The Washington Times LLC. 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: Patrice Hill, THE WASHINGTON TIMES
The Dow Jones Industrial Average on Wednesday surged through 10,000, passing another milestone in its stunning recovery from collapse early this year.
The Dow and other major stock indexes have gained more than 50 percent since hitting bottom March 9, propelled by signs that the worst of the financial crisis and deep recession are over, and that an economic revival is about to begin.
Despite the celebrations on Wall Street on Wednesday, analysts said the rally may have gone too far too fast and is already showing signs of running out of steam. Most likely, the market is due for a breather, if only ...