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
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)
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(Newser) – 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.