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Dow Jones Average Makes History, Closes Above 15,000

NPR
Wednesday, May 8, 2013

Copyright 2018 NPR. To see more, visit http://www.npr.org/.

With treasury yields near historic lows, and cash and money markets yielding almost nothing, investors are putting their money in stocks. Analysts say the Federal Reserve's efforts to keep interest rates extremely low are a key driver.

Transcript

STEVE INSKEEP, HOST:

NPR's business news begins with the Dow flying high.

(SOUNDBITE OF MUSIC)

INSKEEP: The Dow Jones Industrial Average opened this morning above 15,000. That's never happened before. Tuesday's record close is the latest milestone in a stock market's recovery from the financial crisis. Analysts say the Fed's efforts to keep interest rates extremely low are a key driver here. Investors have been pouring there money into stocks, because other investments, like treasury bonds and money markets, have been offering hardly any returns. Since the market bottomed in early 2009 in the 6,000s, the Dow has surged nearly 130 percent. Transcript provided by NPR, Copyright NPR.

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