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Article: Dow moves above 10,000 Index has regained half of what it lost in downturn
- Article from:
- The Milwaukee Journal Sentinel (Milwaukee, WI)
- Article date:
- October 15, 2009
- Author:
CopyrightCopyright 2009 The Milwaukee Journal Sentinel. Provided by ProQuest LLC. (Hide copyright information)
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By PAUL GORES
A year after the Dow Jones industrial average plunged amid a
financial crisis and panic selling, the stock index burst through
the psychologically important 10,000 mark Wednesday -- a sign that
investors believe an economic recovery is under way.
Encouraged by better-than-expected earnings from JPMorgan Chase &
Co. and semiconductor firm Intel Corp., the Dow rose 144.8 points to
close at 10,015.86. It was the highest close for the index since
Oct. 3, 2008, when the nation's financial system was in the grip of
a crisis that prompted bank bailouts and other government
intervention.
As a milestone, the Dow's topping of 10,000 is an indication that
fear finally has eased and ...