NEW YORK, Oct. 3 -- The Dow Jones industrial average leaped into record territory Tuesday, highlighting Wall Street's long recovery from the popping of the technology bubble, the 2001 terrorist attacks and a wave of corporate scandals.
The new closing high of 11,727.34 highlights how much things have changed. In January 2000, it was all technology all the time. Internet firms without real business plans and pajama-clad day traders were the glamour kids. Then the bubble burst, Enron Corp. and WorldCom Inc. collapsed, and small investors ran for the hills.
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Wednesday, October 04, 2006
Dow Hits New High After a Long Recovery
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