Dow Jones

5:03pm

Tue March 12, 2013
Planet Money

Episode 443: Don't Believe The Hype

Originally published on Wed March 13, 2013 7:20 am

Despite all the celebration, the Dow Jones industrial average has not hit record highs recently. If you adjust for inflation, the highs just aren't as high as they seem.

And even if it does hit a real, inflation-adjusted high in the next few weeks, it won't mean much. The Dow is a seriously flawed stock index, and it's certainly not a good way to measure what's going on in the overall economy.

On today's show, we rain on the Dow's parade and explain why a lot of very smart people say we should ignore the Dow.

For more on the Dow:

Read more

10:09am

Tue March 5, 2013
Planet Money

The Dow Isn't Really At A Record High (And It Wouldn't Matter If It Were)

Originally published on Tue March 5, 2013 4:28 pm

Related: The floor of the New York Stock Exchange is increasingly irrelevant to the stock market. But a picture of a room full of computers would be super boring.
Spencer Platt Getty Images

Just a quick, cranky reminder: Despite what you may have read, the Dow Jones industrial average did not hit a new high today in any meaningful sen

Read more

8:01am

Tue March 5, 2013
The Two-Way

14,253.77: Dow Rallies, Finishing In Record Territory

Originally published on Tue March 5, 2013 3:36 pm

A trader on the floor of the New York Stock Exchange earlier this week.
Brendan McDermid Reuters /Landov

Update at 4:09 p.m. ET. A New Record:

The Dow Industrials finished in record territory today. Gaining 89 points, it closed at 14,253.77, its highest level since Oct. 9,2007.

That is, the Dow has recovered all the losses it suffered during the Great Recession.

Read more

3:18pm

Mon February 25, 2013
The Two-Way

Italian Elections Produce Murky Result, Financial Jitters

Originally published on Mon February 25, 2013 4:41 pm

Workers open ballots in a polling station in Rome on Tuesday following Italy's general elections. The initial results showed a close race with no clear-cut winner, a development that made financial markets jumpy.
Filippo Monteforte AFP/Getty Images

As Italy's elections results came in Monday, the country appeared headed toward political gridlock, a development that rattled financial markets hoping for a clear result.

A center-left coalition, headed by Pier Luigi Bersani and favored in pre-election polls, looked like it would win the lower house of Parliament, according to partial results.

But in a surprise, the center-right grouping, headed by the former prime minister, Silvio Berlusconi, appeared to be ahead in the upper house.

Read more
Tags: 

2:32pm

Fri February 1, 2013
The Two-Way

Dow Breaks 14,000 For First Time Since 2007

Trader Frederick Reimer works on the floor of the New York Stock Exchange on Friday.
Richard Drew AP

Happy days are (or might be) here again: The Dow Jones industrial average closed above 14,000 Friday, marking the first time the stock market measure has broken that barrier at close since October 2007.

The average closed at 14,009.79. That's up more than 149 points, or about 1.1 percent for the day. The closing comes hours after the release of a new monthly unemployment report that indicated jobs grew at a faster rate late last year than previously estimated.

Read more

Pages