Economy

Dow surpasses intra-day record high.

"The benchmark Dow Jones industrial average reached an all-time high Tuesday on news that China was pledging to plow more money into its economy, returning the markets to highs not seen since before the 2008 financial crisis.
By noon Tuesday, the Dow was up more than 145 points, or 1.03 percent, to 14,273.70, blowing past both an intraday record and a closing record that were both set in October 2007, during a time when the economy was just peaking and headed toward disaster. The previous intraday trading high was 14,198.10; the closing record was 14,164.53."

The stock market loves the money printing.

"A little more than five years later, the crisis seems a distant memory for a number of big U.S. companies that are reporting record profits, even though many Americans remain jobless and wages have stagnated."

Forget the real economy. As long as the Fed is printing, Wall Street is happy. It's a big party until the market crashes and the phony wealth people thought they had is wiped out. Dow closes at all time high.