Gothamist
A non-profit newsroom, powered by WNYC.
Gothamist
Listen Live
News
Stock Market's Best Week Ever (Since November)
By
Jen Chung
Published Mar 13, 2009
Modified Mar 13, 2009
Share
FacebookTwitterRedditEmail
Never miss a story
Email address
By submitting your information, you're agreeing to receive communications from New York Public Radio in accordance with our Terms .
By
Jen Chung
Published Mar 13, 2009
Modified Mar 13, 2009
Share
FacebookTwitterRedditEmail
We rely on your support to make local news available to all
Make your contribution now and help Gothamist thrive in 2026. Donate today
Gothamist is funded by sponsors and member donations
Stocks closed up today, capping the U.S. markets' best week since November. CNBC reports, "The Dow Jones Industrial Average gained 53.92, or 0.8 percent, to close at 7,223.98. That brought its four-day total to nearly 700 points, or more than 10 percent. All 30 Dow stocks finished the week positive. Even with Monday's decline, the S&P 500 and Nasdaq each gained more than 10 percent this week." Of course, this comes as economists still expect the GDP to "decline at an annual rate of 4.6% this quarter and 1.5% in the second quarter" and China, which has $1 trillion of U.S. debt, is worried about U.S. Treasuries.
Clusterstock's John Carney writes, "The biggest worry we hear from investors these days is 'did I miss the bottom?' Perhaps. But keep in mind that you've missed the bottom before, and we got right back down there and lower. In the final week in November, the Dow gained 9.73%. It gave up all those gains and more this year. So relax, friends. Enjoy your weekend." That is, until Fed Chairman Ben Bernanke's interview airs on 60 Minutes.
Tagged
Cardinal Egan
dow jones
economy
recession
stock market
Jen Chung
Jen Chung is a former WNYC and Gothamist editor.
Read more
Gothamist is funded by sponsors and member donations
Gothamist is funded by sponsors and member donations
MORE news
NYC Council set to ban Central Park's carriage horse industry
Mayor Zohran Mamdani has said he supports the ban, and a majority of City Council members have signed on to support legislation that would end the industry
By
Liam Quigley
and
Ramsey Khalifeh
Published Oct 13, 2026 at 2:37 p.m. ET
22 NYC food pantries to start offering pet food
Pantries cite growing demand for pet food as owners struggle to feed themselves and their pets.
By
Karen Yi
News
22 NYC food pantries to start offering pet food
Pantries cite growing demand for pet food as owners struggle to feed themselves and their pets.
By
Karen Yi
Woman whose body was found in Brooklyn garbage can was strangled, medical examiner says
By
Charles Lane
New York Public Radio CEO steps down after 8 months on job
By
Liam Quigley
Early Addition: Can't stop the sticker bombers
By
James Ramsay
Never miss a story
Catch up on the most important headlines with a roundup of essential NYC stories, delivered to your inbox daily.
Sign upEmail address
By submitting your information, you're agreeing to receive communications from New York Public Radio in accordance with our Terms .