Home Business Economy & Politics Dow Jones and Standard and Poor’s rise to new record high

Dow Jones and Standard and Poor’s rise to new record high

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Dow Jones index rose above 16,000 points for the first time and the broader Standard and Poor’s passed through the 1,800.

Traders are optimistic about the prospect of the Federal Reserve continuing its cheap money policy.

Lower interest rates mean investors are driven to find investments where they will gain higher returns.

Interest rates are close to nothing in the US and are expected to stay there.

Dow Jones index rose above 16,000 points for the first time and the broader Standard and Poor's passed through the 1,800

Dow Jones index rose above 16,000 points for the first time and the broader Standard and Poor’s passed through the 1,800

Although the current chairman of the Federal Reserve, Ben Bernanke, is leaving the post, Janet Yellen, who is all but certain to take over from him, is expected to keep the money flowing while the US economy remains fragile.

The economy is growing, but is not thought to be on solid enough ground to withstand the shock that could be caused by a change in policy.

Earlier this month, it was announced that the US economy grew at a better-than-expected annual pace of 2.8% in the third quarter.

However, the latest figures also showed that the unemployment rate edged up to 7.3% from 7.2% in September.

The gains that put stocks in record grounds were modest.

The Dow Jones was up 39.7 points at 16,001.4 points.

The Standard and Poor’s was up 2 points at 1,800.40 points.

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Clyde is a business graduate interested in writing about latest news in politics and business. He enjoys writing and is about to publish his first book. He’s a pet lover and likes to spend time with family. When the time allows he likes to go fishing waiting for the muse to come.