Dow 10,000 just around the corner


The DJIA nearly hit 9,800 on September 16 and closed the day at just above 9,791. Three more days of the index rising more than 1 percent and the Dow will be back at 10,000. It has not been above that level since last October.

The Dow's shot at passing 10,000 appears to be relatively good. Most of the economic data coming out of Washington and private research firms that cover major sectors has been good and often better than expected. GDP in the U.S. is recovering as well as many economists expected and, in some parts of the E.U. and China, GDP improvement has exceeded forecasts. These are all U.S. trading partners so there should be some expectation that American export figures will improve.