The nations benchmark stock index closed at its highest level in nearly four years Friday, marking a milestone in the long, slow climb from recession that could help recalibrate a presidential campaign dominated by the economy.
The S&P 500-stock index closed at 1,365.74, its highest level since June 2008, when the nation was on the brink of the financial collapse that triggered the most severe recession since the Great Depression. The Dow Jones industrial average also topped 13,000 early Friday before closing at 12,982.95. The Dow hasnt closed above the psychologically signifcant 13,000 level since May 2008, and hit a low of 6,547 on March 9, 2009.
With rising stocks can go political fortunes - The Washington Post
Must be because Obama doubled the capital gains tax...wait, he couldn't get that done, and if he did, the stock market would have gone to hell in a hand basket.