Dow surges to new closing high on economy, Fed’s help
NEW YORK (Reuters) – The Dow Jones industrial average soared to a record closing high on Tuesday, breaking through levels last seen in 2007 and as investors rushed in to join the party in anticipation of more gains. Signs of a strengthening economy, continued support from the Federal Reserve, and fairly attractive valuations compared to other assets have boosted the Dow by almost 9 percent so far this year. A strong reading in the services sector, which accounts for the bulk of economic activity, was the latest indicator of improving demand. . . .
View full post on Business News Headlines – Yahoo! News
Leave a Reply