Dow Jones Average Makes History, Closes Above 15,000

With treasury yields near historic lows, and cash and money markets yielding almost nothing, investors are putting their money in stocks. Analysts say the Federal Reserve's efforts to keep interest rates extremely low are a key driver.

Copyright © 2013 NPR. For personal, noncommercial use only. See Terms of Use. For other uses, prior permission required.

STEVE INSKEEP, HOST:

NPR's business news begins with the Dow flying high.

(SOUNDBITE OF MUSIC)

INSKEEP: The Dow Jones Industrial Average opened this morning above 15,000. That's never happened before. Tuesday's record close is the latest milestone in a stock market's recovery from the financial crisis. Analysts say the Fed's efforts to keep interest rates extremely low are a key driver here. Investors have been pouring there money into stocks, because other investments, like treasury bonds and money markets, have been offering hardly any returns. Since the market bottomed in early 2009 in the 6,000s, the Dow has surged nearly 130 percent.

Copyright © 2013 NPR. All rights reserved. No quotes from the materials contained herein may be used in any media without attribution to NPR. This transcript is provided for personal, noncommercial use only, pursuant to our Terms of Use. Any other use requires NPR's prior permission. Visit our permissions page for further information.

NPR transcripts are created on a rush deadline by a contractor for NPR, and accuracy and availability may vary. This text may not be in its final form and may be updated or revised in the future. Please be aware that the authoritative record of NPR's programming is the audio.

Comments

 

Please keep your community civil. All comments must follow the NPR.org Community rules and terms of use, and will be moderated prior to posting. NPR reserves the right to use the comments we receive, in whole or in part, and to use the commenter's name and location, in any medium. See also the Terms of Use, Privacy Policy and Community FAQ.