Dow on the Rise: Is it an Economic Comeback?

Bianna Golodryga explains what's behind the surging stock market.
1:24 | 02/17/12

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Transcript for Dow on the Rise: Is it an Economic Comeback?
But the stock market closing in on target hasn't seen in years there's more optimism than ever across the board ABC's -- -- joins us to explain what's behind it. An underpinning -- all some more good news on jobs -- more good news on -- yesterday look at where we are 2012. Dallas just 100 points away from thirteen thousand we haven't been there since may of 2008 number of Americans filing for unemployment benefits. At a four year low it also had an uptick in manufacturing. And construction all of that has been very helpful talk about manufacturing those blockbuster numbers out of GM more than seven billion dollars in profit and that's -- in the heyday that we saw during that truck boom in the late 97 point six billion dollars needed a lot of cost cutting some Smart moves -- bake sales here in the US. Helping manufacturing and 45000 employees getting 7000 dollar checks. Part of that payoff that's right they were in on the down the profit sharing that's going to be good news for them also. As we look ahead though a lot of good news but still some warning signs. We're seeing gas prices creep up every single week that's right also geopolitical news out of be brought a lot of economists say look we weren't exactly -- slashing the economy appear to be recovering and we had the tsunami in Japan the debt crisis in Europe so. Still be cautious but there is some reason for optimism right now it's been a solid start to hear it again thanks very much.

This transcript has been automatically generated and may not be 100% accurate.

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