Stock Market Hits Record High

Linzie Janis discusses what is causing the surge on Wall Street.
1:18 | 04/11/13

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Transcript for Stock Market Hits Record High
The roaring stock market surging to yet another record high despite all those worries about the job market. AMERICANS' 401(k)s ARE Skyrocketing so what exactly is behind the trend and what lies ahead? Abc's linzie janis awake this morning with answers. Linzie? Good morning, josh, the markets have been on a tear. The dow and s&p 500 each finiing at new highs. The dow within a couple hundred points of 15,000. That would be a significant milestone. But why are measures rising after a sharp stop in hiring last month. Most wall street insiders says it's thanks to the federal reserve's policy of pumping cheap money into the economy and looks like the central bank will continue its policy through the middle to the end of this year. Stock market investors like that because it means low interest rates and low interest rates prompt invrn to stocks for better returns on their money. So the surge continues. Thank you for that, lindsay. Meantime, the federal reserve launched an investigation into one of the worst security lapses in years. Details from the fed's recent policyeeting were released ahead of schedule to dozens of people including workers at several big banks. Giving them an early jump on key market sensitive decisions being made. Now, investigators say that it appears to have been an accident.

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