Higher Ground

A dashing Dow flirts with 1500

On the New York Stock Exchange, large round numbers are often psychological barriers. When the Dow Jones industrial average approaches such milestones as 1000 or 1200, it often hesitates, like a steeplechase horse in front of a high hedge. Last week the market rushed up to the 1500 mark. At the opening bell on Thursday the Dow Jones industrial average stood at 1484.40, having shot up 150 / points in two months. Amid frenzied trading, the Dow quickly jumped another 16 points. Twice during the morning the average temporarily pierced the 1500 mark, but it did not remain there long. Soon...

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