Dow at 4-year high, Nasdaq hits 11-year high

Yesterday, the US stocks hit a high after a long gap. The Dow Jones gained 1.2%, S&P added 1.5% and Nasdaq went up 1.6%. This has brought Dow to the highest level it has been since the 2008 recession. Nasdaq is at its highest level in over 11 years. The articles says that these high levels are being reached with the help of the dropping unemployment rate, which is at is lowest since 2009.

These increases seem unexpected because economist expected a slow-down after the holidays, but instead we are reaching renewed highs. Marc Chandler said, "The jobs data blew away market expectations. This coupled with other recent reports for January, show the year has begun off on a firm note." The article goes on to show other companies who experienced a spike, but looks at a couple who did not and are still working to meet expectations. 


The article talk about changes in currencies and commodities prices. The US dollar fell against the Euro and British pound but rose versus the Japanese yen. Oil has risen $1.48 (97.84 a barrel). 


What do you think? WIll we continue to see a steady rise or should we expect a fall in the near future? Also what do think this means for the world markets, will they continue to rise too? 


find the article here.