Dow Hits 10,000 for First Time in Year

Markets propelled by strong earnings from Intel, JPMorgan
By Newser Editors and Wire Services
Posted Oct 14, 2009 12:31 PM CDT
Dow Hits 10,000 for First Time in Year
Kellogg's Stephen Naughton, left, and Patrick King, center, work with a trader on the floor of the New York Stock Exchange Monday.   (AP Photo/Henny Ray Abrams)

The Dow Jones industrial average reached 10,000 today for the first time since Oct. 7, 2008. The milestone, which triggered a whoop from the trading floor, was buoyed by surprisingly strong earnings reports from Intel and JPMorgan. The latter stoked the market's optimism as it handily beat Wall Street's expectations, reporting a profit of $3.59 billion for the July-September period. (More stock market stories.)

Get breaking news in your inbox.
What you need to know, as soon as we know it.
Sign up
Get the news faster.
Tap to install our app.
X
Install the Newser News app
in two easy steps:
1. Tap in your navigation bar.
2. Tap to Add to Home Screen.

X