Its all over the news! The Dow hit a new all-time high. But really, who cares?
While I will use the Dow as part of my market analysis, I certainly do NOT consider it a leader. After all, what is the performance of funds benchmarked off of? The S&P 500, NOT the Dow.
Still, it makes good fodder for the news folk.
Dow surges to new record highs - Washington Times
Corporate profits are at record highs, US labor costs have rarely been so low, interest rates are scraping rock-bottom, and central banks are flooding the markets with money, among other boons cited by market analysts.
Dow Jones Industrial Average Holds Record High - ABC News
Stocks have been in a five-year bull market, helped by the Federal Reserve, which has kept interest rates near zero to assist in the recovery of the h
Dow Jones industrial average surges to record - News OK
Stocks have rallied powerfully this year, impressing even market's most ardent skeptics, on optimism that the housing market is recovering and companies are slowly starting to hire again.