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."
China, which has the world's second largest market, said it would stick to the growth targets it has set for itself and as a result of this, Asian markets rose in general.
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