Tuesday, March 5, 2013
STOCK MARKET HITS ALL TIME HIGH
New York's Dow Jones share index set a new all-time high today, returning to levels not seen since before the global financial crisis. The Wall Street index reached 14,226, exceeding the previous record intra-day high of 14,198, set in October 2007. The recovery in the market suggests investors are regaining confidence in the US economy. The Dow has more than doubled in value since it plummeted to less than 6,550 points in the depth of the crisis in March 2009. Companies are ready to re-invest and grow profitably. We will see a recovery take hold in the second half of the year.