The Dow Jones hit an all-time high today closing at 14,253.77. The Dow was up 125.95 points at the close of today’s trading, according to Fox News live on Tuesday, March 5, 2013.
In the last month or so the Dow looked like it was going to hit its previous all-time high from five years ago, but it backed off slowly from that number. Today it passed the number making March 5, 2013, an historic day for Wall Street, according to Chicago Sun Times on Tuesday.
On October 9, 2007, the Dow hit 14,164.53 and that remained the record high number until today. Since falling 6,547 points back in March of 2009, the Dow has more than doubled.
The last time the Dow hit its high record number, Apple’s iPhone was just put on the market and George W. Bush had a year left as president. The Lehman Brother’s demise due to the financial crisis was still a year away and the housing market had not bottomed out as of yet.
A notional high in the stock market is not something to get too excited about suggests the financial expert being interviewed on Fox News. According to Craig Smith, Swiss American Chairman, the economy and the stock market are two very different things. This all-time high for the Dow does not mean the economy is going strong like the numbers seen today on Wall Street.