Dow Industrial Hits New High

By Jared Fruland

Wall Street extended its advance Friday after reports showed inflation remained tame in November and industrial production rose for the first time in two months amid increased output by automobile makers. The Dow Jones industrial average posted its second straight record close, and the major indexes closed the week with substantial gains. This is great news, because of the increasing advances in the U.S. Economy, we are beginning to see signs of an inflation. Sure we might not be at the point of the 1990's sense of financial well-being, but we sure are getting their. Investors have already pushed the DOW to hits highest point ever. The Standard $ Poor 500 also closed at a new six-year high. However, the NYSE had 6 out of 5 declines on Friday. “I think there is an enormous amount of cash in the whole system,” O’Donoghue said, predicting the run-up in stocks will continue through the end of the year before Wall Street will re-evaluate conditions in the stock market early next year. As also I agree, I believe are market has finally made a significant step in the right direction. No longer are we in a recessive state, now were in a progressive state.