Dow Jones Industrial Average Passes 9,000
July 23, 2009 by Stephen Kersey
Filed under Business
For the first time since the beginning few weeks of 2009, the Dow Jones industrial average closed at higher than 9,00. When Thursday’s trading session was over, the Dow Jones industrial average was at about 9,069.30.
To reach that mark, the Dow Jones industrial average rose more than 2%. Other indexes showed similar improvement. The S&P’s 500 was up about 2.3% to finish Thursday at 976.30. The Nasdaq index was up to 1,973.60 on 2.5% growth, while the Russell 2000 jumped more than 3% to finish at 545.85.
Most market experts point to the positive United States housing market numbers as the main reason why the stock market reacted like it did on Thursday.
One of the biggest movers on the day was Ford. After posting a surprisingly large profit, Ford’s stock was up almost 10%.
Despite the good news for the Dow Jones industrial average, the index remains more than 5,000 off of its 2007 peak.
Wall Street was busy on Thursday (Image: Flickr)
