Stock Market sets new milestone

The Dow Jones Industrial average closed over 15,000 for the first time in history on Tuesday, 5/7. The final figure was 15,056.20 on the strength of an advance of +87.31 points that day. James Paulsen, chief investment strategist at Wells Capital Management observed that job creation and the housing market have done better than expected and is fueling this stock market activity. Good news came out of European markets and a rebounding German economy and good earnings reports from Direct TV and Fossil watches doing better than expected.