Dow Jones Closing in on 8,000
April 2, 2009 by Stephen Kersey
Filed under Business
The news on the stock market continues to be good. On Thursday, the Dow Jones industrial average finished at 7,978.1, a jump of nearly 3%. At one point during the day the Dow had actually gone over 8,000, however it soon dipped back under that mark. It was the first time the stock market had topped 8,000 since the second week of February.
Wall Street Bull (Image: Flickr)
Other indexes showed similar gains. The S&P’s 500 finished the day at 834.4, a rise of just shy of 3%. The Russell 2000 was up almost 5% to 450.2, while NASDAQ was up more than 3% to finish the day at 1602.6.
With a lot of trading taking place, the gains were spread throughout many sectors and industries. One industry that continues to show big gains is the banking industry. Well Fargo rose nearly 6% on Thursday, while many smaller banks so even larger gains.
Although the stock market still has a ways to go before making up for the ground lost in 2009, it’s definitely heading in the right direction. Some market experts believe that the worst days might actually be behind us.
