Stock market soars - WALB.com, South Georgia News, Weather, Sports

Stock market soars

The Dow stock market index closed above 14,000 Friday for the first time since before the financial crisis rocked the world economy. It hit that milestone for the first time since October 2007.

The Dow has nearly doubled since its low point in March 2009, and it's already up 6.9% this year.

Albany investment advisor Vic Sullivan says that's good news for investors, and even people who aren't in the stock market. "Many 401K plans are seeing substantial increases in valuation versus where they were the last few years. That has a lot of impact on, not just their own personal situation, but it actually has a pretty big impact on the overall economy," said Sullivan, the Branch Manager at Wells Fargo Financial Advisors in Albany.

That's because when investments are doing well, people generally spend more money. That leads to a stronger economy and more jobs.

Copyright 2013 WALB.  All rights reserved.  

  • More WALB News10 HeadlinesMore News HeadlinesMore>>

  • APD hosts Citizens Police Academy for Albany residents

    APD hosts Citizens Police Academy for Albany residents

    Monday, April 23 2018 3:32 PM EDT2018-04-23 19:32:35 GMT
    Citizens in Dougherty County will be able to experience days in the life of different department officers in the county for 12 weeks starting May 1. (Source: City of Albany Website)Citizens in Dougherty County will be able to experience days in the life of different department officers in the county for 12 weeks starting May 1. (Source: City of Albany Website)
    Citizens in Dougherty County will be able to experience days in the life of different department officers in the county for 12 weeks starting May 1. (Source: City of Albany Website)Citizens in Dougherty County will be able to experience days in the life of different department officers in the county for 12 weeks starting May 1. (Source: City of Albany Website)

    Citizens in Dougherty County will be able to experience days in the life of different department officers in the county for 12 weeks starting May 1. 

    More >>

    Citizens in Dougherty County will be able to experience days in the life of different department officers in the county for 12 weeks starting May 1. 

    More >>
  • Thomasville to host public listening session for South Pinetree residents

    Thomasville to host public listening session for South Pinetree residents

    Monday, April 23 2018 3:26 PM EDT2018-04-23 19:26:48 GMT
    The purpose of this session is allow residents to learn more about the project and provide feedback on proposed designs. (Source: City of Thomasville website)The purpose of this session is allow residents to learn more about the project and provide feedback on proposed designs. (Source: City of Thomasville website)
    The purpose of this session is allow residents to learn more about the project and provide feedback on proposed designs. (Source: City of Thomasville website)The purpose of this session is allow residents to learn more about the project and provide feedback on proposed designs. (Source: City of Thomasville website)

    The City of Thomasville is hosting a public listening session for residents along South Pinetree to come and give their thoughts on proposed improvements for the area.  

    More >>

    The City of Thomasville is hosting a public listening session for residents along South Pinetree to come and give their thoughts on proposed improvements for the area.  

    More >>
  • Chehaw Massacre remembered on bicentennial anniversary

    Chehaw Massacre remembered on bicentennial anniversary

    Monday, April 23 2018 1:52 PM EDT2018-04-23 17:52:35 GMT
    Chehaw Native American massacre happened 200 years ago (Source: WALB)Chehaw Native American massacre happened 200 years ago (Source: WALB)
    Chehaw Indians massacre happened 200 years ago (Source: WALB)Chehaw Indians massacre happened 200 years ago (Source: WALB)

    Historians say the Chehaw Native Americans were a friendly agriculture creek tribe that lived in South Georgia, who helped the early settlers that moved to Albany.

    More >>

    Historians say the Chehaw Native Americans were a friendly agriculture creek tribe that lived in South Georgia, who helped the early settlers that moved to Albany.

    More >>
Powered by Frankly