Dow Hits New Post-Recession High
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Hemera/Thinstock(NEW YORK) — The Dow ended the day at yet another five-year high and the highest close since October 2007.
Wednesday’s close means that the Dow is now back to where it was before the recession started in December 2007.
The Dow is now within 2.7 percent of its all-time high, which it also reached in October 2007.
Wednesday’s market move was thanks to technology stocks, including Google and IBM, that reported better-than-expected earnings.
The debt ceiling vote in Congress also likely helped the market remain positive through the day.
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