Wall Street Heads Into Holidays With Optimism

The stock market is closed Friday for the holiday weekend, but the Dow Jones Industrial Average edged up 14 points Thursday, the highest level since August 2008. According to some traders and analysts, recent data seem to be pointing toward a slowly recovering economy.

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STEVE INSKEEP, host:

NPR's business news starts with the Dow at a two-year high.

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INSKEEP: The stock market is closed today for the holiday weekend, but it's not such a bad weekend to stand pat. The Dow Jones Industrial Average edged up 14 points yesterday, finishing at 111,573. That is the highest level for the stock market since August of 2008, before depths of the financial crisis. According to some traders and analysts, recent data, including a relatively strong holiday shopping season, seem to be pointing toward a slowly recovering economy.

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