Dow Hits 10,000

The Dow Jones Industrial Average (an unmanaged index of 30 widely held stocks) finished Wednesday, October 14, at 10,015.86, which represents a gain of 52.9% since its March 9 low of 6,547.05. The NASDAQ Composite (an unmanaged index of common stocks listed on the NASDAQ National Stock Market) closed the day at 2,172.23, up an astonishing 71.3% from its March 9 close at 1,268.64, while the S&P 500 (an unmanaged index of 500 widely held stocks) ticked up to 1,092.02, a gain of 61.4% from its March 9 close at 676.53.

Investors who have been in the market for a long time will note that while these figures are encouraging, they are still far beneath the record highs reached in October 2007. But those who invested in the market earlier this year have seen values increase dramatically.

While investors generally have been positive during the markets’ recent climb, it has been noted with alarm by analysts that the volume of equity holdings has actually decreased. Worried investors have been withdrawing equity holdings in favor of bonds, indicating that a significant number of investors missed out on the equity market rally.


Certainly, recent market and economic activity has been encouraging, but major questions remain. If you have questions about the markets in general or want to discuss your portfolio feel free to contact the financial advisors at RJFS http://www.raymondjames.com/reliabank/







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