The Dow Jones Industrial Average is getting awfully close to trading above 14,000, something it hasn’t done since October 2007:
The Dow is “a price-weighted average of 30 significant stocks traded on the New York Stock Exchange and the Nasdaq,” Investopedia explains for those of you who have somehow gone through life without knowing that.
If the Dow manages to close above 14,000, it’d be the second major index to post a five-year high in two weeks. The Standard & Poor’s 500 for the first time since Dec. 10, 2007 traded above 1,500 last week.
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Featured image courtesy Yahoo! Finance