Does the near-9% increase in the Dow Jones Industrial Average this week mean the economy has turned a corner?

Yes 26% | 31 votes
No 30% | 36 votes
It's way too early to know 45% | 54 votes

By PBN Staff
Posted 3/27/09

Investors have reacted positively to the Obama administration’s episodic unveiling of its plans to support and regulate the nation’s financial systems.

That has driven the Dow Jones Industrial Average up to 7,924.56 points, an increase of 8.88 percent from last Friday’s 7278.38 points and 21.04 percent from the 12-year low of 6,547.05 points the index hit on March 9. Historically – although the markets did stage several such rallies during the decline of 1929 to 1932 – an increase of 20 percent or more has often signaled the end of a bear market.

The end of a bear market does not necessarily mean that the economy is close to coming out of recession, however. Do you think the recent run-up in the stock markets is the sign of some growing strength in the economy?

PBN Hosted

Join PBN for the best networking event and party of the winter - January 15, 2015 - the Book of Lists Party at the Providence Public Library. Reserve your spot early!
  • Best Places to Work
    Enrollment is now open for the 7th annual Best Places to Work program. Winners w ...
  • Manufacturing Awards
    Applications are now being accepted for the 2nd Annual Manufacturing Awards. Dea ...
Purchase Data
Book of Lists
Book of Lists cover
PBN's annual Book of Lists has been an essential resource for the local business community for almost 30 years. The Book of Lists features a wealth of company rankings from a variety of fields and industries, including banking, health care, real estate, law, hospitality, education, not-for-profits, technology and many more.
Data icons
Data can be purchased as single lists, in either Excel or PDF format; the entire database of the published book, in Excel format; or a printed copy of the Book of Lists.
  • Purchase an e-File of a single list
  • Purchase an e-File of the entire Book of Lists database
  • Purchase a printed copy of the Book of Lists
    Latest News