Dow's Up: Why You May Want to Hold Your Applause

Ad Feedback

The Dow Jones industrial average reached another major milestone Tuesday, rising more than 87 points to close above 15,000 for the first time ever.

The Dow is now up a whopping 130 percent since bottoming out in March 2009. That means if you invested $10,000 during the worst of the Great Recession, today you'd have more than doubled your money to $23,000.

Why is the Dow skyrocketing?
Analysts say good economic reports, higher corporate profits, and the Federal Reserve's easy money policies have eased investors' concerns over another economic slowdown.

"I think this is just confirmation of continued belief that the markets... They're just going higher," trader Jason Weisberg said.

Momentum in the railroad, airline and trucking industries is also contributing to the recent rallies.

"I think the fact that the transport index had a huge move and is participating in this move to the upside is confirmation that this is a real rally, and this is not fake," Weisberg said.

But manufacturing is one sector that's not adding new jobs, and some say that doesn't bode well for the middle class.

"Manufacturing is the bulk of middle class employment in this country, and if you look at the jobs numbers breakdown, we saw tremendous job growth in the service sector -- in fact, 185,000 jobs," Scott Paul, president of the Alliance for American Manufacturing, told CBN News.

"However, most of those are very low-wage jobs," Paul explained. "The goods-producing jobs like manufacturing, construction, mining, you saw lose jobs -- and in manufacturing it was dead even."

Still, the Dow and broader Standard & Poor's 500 index are trading at record levels, fueled by optimistic investors believing the U.S. economy is continuing to recover.

Log in or create an account to post a comment.  


Are you seeking answers in life? Are you hurting? Are you facing a difficult situation?

Find peace with God, discover more about God or send us your prayer request.

Call The 700 Club Prayer Center at 1 (800) 823-6053, 24 hours a day.

A caring friend will be there to pray with you in your time of need.

CBN News
Mark Martin

Mark Martin

CBN News Reporter

Mark Martin is a reporter and anchor at CBN News, covering various issues from military matters to alternative fuels. Mark has reported internationally in the Middle East and traveled to Bahrain to cover stories on the U.S.S. Dwight D. Eisenhower. Follow Mark on Twitter @MarkMartinCBN and "like" him at