Tagged: Dow Jones

Millions of Americans are still searching for jobs or facing home foreclosures. For them, the Great Recession drags on into its fifth year.

But for others, the U.S. economy is looking up.

Companies in certain sectors are buying equipment again and hiring workers. These pockets of strength — found in energy, technology, manufacturing, autos, agriculture and elsewhere — are helping invigorate the broader economy.

The stock market has been having a good year, so you might have been expecting some sort of a "correction."

Today may have been that day.

For the first time since the 2008 financial crisis, the Dow Jones Industrial average has closed above the 13,000 mark.

It didn't do it by much — about 5 points.

We'll have more in a moment.

Update at 4:15 p.m. ET:

Turn on the news on any given day, and you're likely to hear about the Dow Jones industrial average. It is the most frequently checked, and cited, proxy of U.S. economic health. But a lot of people — maybe most — don't even know what it is. It's just the stock prices of 30 big companies, summed up and roughly averaged. That's it.

And what does the daily movement of this number have to do with the lives of most Americans? Not much.