Transcript for Stock Market Surges to New Record
We do have good news for EVERYONE WATCHING THEIR 401(k)s This morning. Stocks surged to a new record friday with the dow breaking 15,000 for the first time ever before closing just below the would-be milestone but the question this morning, can the economy sustain these new highs? Here's abc's rebecca jarvis. Reporter: What a week for stocks and the economy. First off you have the jobs report. 7.5% unemployment, the lowest level in four years. 165,000 jobs were added to our economy in the month of april. Meantime, stocks finished out the week at their highest levels ever. The dow recently was above 15,000 during friday's trading session. The s&p 500 finished out the week at record highs and you know what that means, your 401(k) IS GOING TO BE LOOKING Much better this month. It's been about four years since the depths of the great recession and in that time, stocks have recovered 139%. So if you put $10,000 into the stock market in march of 2009, guess what you would have right now? About $24,000. For those who sat and waited didn't touch their savings and left it there and let it ride and probably had to look away at times, ts worked out. Rebecca jarvis, abc news, new york.
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