Top news coming in to a cooling San Francisco today from New York is about the Dow Jones Industrial Average.
The Dow Jones Industrial Average, according to ABC 7 News in San Francisco, has reached its highest ever trading point and just this morning, it jumped almost 100 points.
The high figure comes about as a result of the strong economic growth in China and an increase in retails sales in Europe. Those retail sales in Europe actually rose sharply, says ABC 7 News.
The DJIA is now up a total of 7.8 percent for the year. Just after the bell rang at opening time, the Dow was trading at a figure of 14,222 and it's well on its way to closing higher than it's previous record of 14,164. That figure happened in 2007 on October 9th, says ABC 7 News.
San Francisco resident, Amy Tan, says: "That's good news, that will give many Americans - and others around the world - a lot of hope that the economy is getting stronger."
According to ABC 7 News in San Francisco, there was other good news in the market:
"The Standard & Poor's index rose 11 points to 1,536. It's also within striking distance of its own record of 1,565.The Nasdaq was up 30 points at 3,212."
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