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Article: WANT TO SUBSCRIBE?
- Article from:
- The Topeka Capital-Journal
- Article date:
- October 15, 2009
CopyrightCopyright 2009 The Topeka Capital-Journal. Provided by ProQuest LLC. (Hide copyright information)
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NEW YORK -- When the Dow Jones industrial average first passed
10,000, traders tossed commemorative caps and uncorked champagne.
This time around, the feeling was more like relief.
The best-known barometer of the stock market entered five-figure
territory again Wednesday, the most visible sign yet that investors
believe the economy is clawing its way back from the worst downturn
since the Depression.
The milestone caps a stunning 53 percent comeback for the Dow
since early March, when stocks were at their lowest levels in more
than a decade.
Cheers went up briefly when the Dow eclipsed the milestone in the
early afternoon, during a daylong rally driven by encouraging
earnings reports from ...