A forecast of possible improvement in the job market incited another round of bargain hunting today, lifting technology stocks and propelling the Dow Jones industrials more than 150 points higher. It was the second triple-digit gain for the Dow in four sessions, but analysts were skeptical that the momentum would last. The advance followed a losing week for the major indexes, suggesting that the was merely rebounding as investors searched for good deals rather than shaking off the malaise that has weighed on trading for more than a month. The Dow closed up 169.74, or 1.7 percent, at 10,109.66, according to preliminary calculations. Broader indicators fared even better. The tech-focused Nasdaq composite index rose 51.69, or 3.2 percent, to 1,652.54. The Standard & Poor's 500 index was up 19.57, or 1.9 percent, at 1,074.56. .
This relates to economics because the Dow industries are an important factor in stocks. Dow keeps consumers like you and I informed and up to date on the stock situations. Stocks can make and break the economy. If people panic and sell all their stocks total devastation can take affect. If good news is going around for a company, many stocks may be bought and the economy can thrive. A good example of this is the well-known stock market crash of 1929.
In conclusion, Dow has a major role in the economy. Many people depend on the information given by Dow to make their living. The information given by the economic giant will make and break some people. The lucky ones go away with more than they put in and they not so lucky ones leave with out a house.
