Six years later, the Dow is back | csmonitor.com

Six years later, the Dow is back | csmonitor.com: Read more >>

Propelled by the economy, the Dow is nearing its all-time high of 11,723 from 2000.

NEW YORK – Without much fanfare, the Dow Jones Industrial Average is closing in on its all-time high, set at the beginning of 2000 before Americans became disenchanted with stocks and turned to real estate.

Despite soaring oil prices, the Dow, watched as a barometer of the economy and Main Street, has regained more than 4,000 points that slipped away after the dotcom bust and the 2001 recession. Now, the average is closer than it’s ever been to its Jan. 14, 2000, high of 11,723 – a number that brings back memories of taxi drivers talking about their stock portfolios and a book predicting a 36,000 level for the Dow.

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Posted on May 1, 2006, in News and politics. Bookmark the permalink. Leave a comment.

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