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A big gain in the job market is lifting the stock market to a record high. The Dow Jones industrial average crossed 15,000 for the first time ever.
On October 29, 1929, the stock market crashed earning the day the epithet “Black Tuesday.” It was the beginning of the Great Depression. However, hard times hit North Carolina’s farmers before the Great Depression of the 1930s.
The Dow Jones industrial average has closed above 13,000 for the first time since May 2008, four months before the financial crisis.
Bargain hunters are pushing stocks up in midday trading, and the Dow briefly was above 11,000.
The stock market is finishing its worst day since the financial crisis.