Snappy newsletters. Simple Facebook sharing. Spirited comments. Sweet features are waiting… GET THEM NOW!

Dow Hits 10,000 for First Time in Year

Markets propelled by strong earnings from Intel, JPMorgan

By the Associated Press

Posted Oct 14, 2009 12:31 PM CDT

(AP) – 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.

Kellogg's Stephen Naughton, left, and Patrick King, center, work with a trader on the floor of the New York Stock Exchange Monday.
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)
Specialist Patrick Murphy, left, laughs with trader Jonathan Corpina, right, on the floor of the New York Stock Exchange Wednesday.
Specialist Patrick Murphy, left, laughs with trader Jonathan Corpina, right, on the floor of the New York Stock Exchange Wednesday.   (AP Photo/Richard Drew)
« Prev« Prev | Next »Next » Slideshow
To report an error on this story, notify our editors.
A snapshot of the day's best news stories.
 
COMMENTS
Showing 3 of 5 comments
maevealleine
Oct 14, 2009 7:25 AM CDT
confused much?
GlennH
Oct 14, 2009 6:22 AM CDT
I kind of think he knows. My 401(k) lost money every month of the last year-and-a-half of the Bush Mis-Administration and it's gained every month of Obama's term. Now, I wonder which one is good for the economy?
Doctor-Zaius
Oct 14, 2009 5:49 AM CDT
Dont you have a girlfriends pet fish to go stab?

Copyright 2012 Newser, LLC. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. AP contributed to this report.

More Newser Stories

Nasdaq Hits 11-Year High; Dow Rises 157

Dow Surges 337, Reclaims 12K

Stocks Jump 400+ on Trio of Good News

Stocks Plunge on Super Committee Failure

Spooked by Italy, Dow Falls 228


NEWS FROM OUR PARTNERS
Other Sites We Like:   24/7 Wall St.   |   Betty Confidential   |   BuzzFeed   |   Cracked   |   Fark   |   Timelines   |   The Frisky   |   Geek Sugar   |   NewsOne