Dow should help Albany retail business - WALB.com, Albany News, Weather, Sports

Dow should help Albany retail business

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July 16, 2007

Albany-- There were more record highs on Wall Street Monday. The Dow again set a trading high Monday, finishing in record territory for the third straight session.

The gains Monday put the blue chip index only about 50 points shy of the psychological barrier of 14,000.

A.G. Edwards Vice President Vic Sullivan says these Stock Market records reflect big consumer confidence, despite a slowing housing market and rising mortgage rates. 

And he says that  is good news for retailers in Albany.  "We got a lot of consumers around here and many of the consumers throughout Southwest Georgia come to Albany for many of their purchases. So, yea it all ties together."

Sullivan says scheduled earning reports are forecast to bring more good news later this week, which should continue to drive the Dow toward even more records.

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