“The Dow Jones industrial average on Tuesday briefly topped 23,000 for the first time, crossing another milestone amid better-than-expected earnings reports and concerns that stocks are approaching another bubble,” writes Avie Schneider in their recent NPR article entitled “Dow Crosses Another Milestone, Topping 23,000 For The First Time.”
“But the 30-stock index ended the day at 22,997.44, up 40.48 points,” Schneider continues.
The NPR article notes “The Dow finished above 22,000 for the first time on Aug. 2.”
“With its new record level, the blue chip index is now up 16 percent since the start of the year and about 26 percent since Election Day,” Schneider comments.
This news appears to be good news for the economy, and indeed a milestone worth acknowledging.
It also got us thinking.