Friday, February 3, 2012

Nasdaq Hits An 11-Year High, Dow Jones At Four-Year High

The NASDAQ Composite stock market index is now at an 11-year high, hitting 2905.66 today.  That's a long way back from the crash and Great Recession low of 1,380 and the highest close since December of 2,000.  The index has risen more than 500 points just since August.  The NASDAQ hit an all-time high of 5,047 shortly after 2,000 but collapsed to 1,380 two years after George W. Bush took office as U.S. President. 

The Dow Jones achieved a high of 11,750 shortly before Bush took over and dipped to below 8,000 shortly after he left office eight years later.  Bush is the only president in U.S. history to actually have the stock market drop during his presidency.  Current President Barack Obama has presided over a stock market that has gained over 3,800 points in less than four years, a gain of over 40%.  The Dow Jones Industrial Average now sits at 12,862.23.

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