I remember the day that Dow reached 10,000, and it doesn't seem that long ago, but yesterday the Down closed above 16,000 for the first time. Press reports say that economic data pointed to a slowly improving labor market and subdued inflation is responsible for the rise in the markets. Financial shares led the market to its first day of gains after three sessions of losses. Although investors remain unsure about the timing of the Federal Reserve's scaling back of its $85 billion per month in bond buying, some say the market will weather the eventual pullback in that stimulus.
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