Today, the Dow Jones Industrial Average rose above 10,000 points for the first time in over a year.
The Dow and other averages like the S&P 500 are designed to tell you how companies traded on the stock market are doing. In general, if the economy is doing well, then stock prices tend to rise. If it isn’t doing well, prices are likely to fall. In other words, it’s one indicator of how the market and economy is doing overall. So when the Dow hit its milestone today, it left many wondering if it’s another sign of recovery from the recession.
What do you think? Let us know in the comments.
Certainly a positive sign, no doubt. However, the dollar is in a slump and unemployment will continue to be a major hurdle for the economy to overcome.
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