in 2007 you had big egos and lots of spending and wines and steaks with crab and hollandaise. dennis has the owner of the restaurant just a few blocks from the new york stock exchange for 15 years. he was here when the dow hit its record closing high. 14,164, on october 9th, 2007. a strong rally today on wall street. the dow jones industrial average soaring to a record high. reporter: but just months later, bankruptcies. bailouts. and government assisted buyouts. this time, barry, a wall street veteran and money manager, says it feels different. we re in a post credit crisis environment. it s not the usual recession recovery as we ve seen historically. these tend to be very cloe, muddle through. reporter: dennis sees that caution, too. there s definitely more cautious spending.
industrials, close to 9% on the year. 14,253. 77 the new record. loris talking to average folks. reporter: neil, hi there. so, wall street is this dynamic of touris and traderrers who cannot be bothered. even on a day like today, people hustle and bustle, and business as usual but they looked up and noticed the extra media presence, and we told, the the dow hit a new record, hasn t done that in some five or six years, and they all pretty much agreed that s a good thing but there are still a whole lot of things to be concerned about. in fact more things to be worried about with this economy than to celebrate. hope it will help my 401k. i ve very excited. definitely good news. translates to more jobs for
can it hold on after a impact of spending cuts that kicked in on friday. i m sure teddy will have more on that. ben bernanke is saying the sequester triggered cuts. they could have cut at least half a point from the gdp for 2013. some are even saying it was the fed in the first place who helped push the dow to a record. interest rates still at record lows thanks to the fed s bond-buying program. that helped stimulate borrowing and job creating, and neil, today, the yield on this ten-year u.s. treasury note, while the dow hit an all-time high-was at 1.89%, and, neil, as i wrap this up, five stocks in the dow jones industrial average, we now know, hit all-time highs today. 3m-travelers, home depot, johnson & johnson and walt disney. there you have it. neil: all right.
pleaded not guilty. a court date has been set for them. the trial date is next october. shepard: than you, jonathan. the state department is firing back at criticism of the security situation in libya. a top security official claims washington pulled assets from benghazi before the deadly attack happened. look at dow, our 401(k) is taking a hit today five years after the dow hit the all-time high. what is behind the latest slide? that is coming up. with the spark cash card from capital one,
been a by turns, thrilling, soul killing, roller coaster ride. in march, 2009, the dow hit its low point, 6,547. 50% of its value wiped out. but since then, an historic surge, the fastest since world war ii. although uncertainty remains. it is a sigh of relief, i don t think it is long term. i think it is something that we get this week. and maybe next week. and then, we re off to the races again. reporter: next shoe to drop, a big one, tomorrow. the august jobs number. many of the recent reports have been very disappointing. but if this one exceeds expectations, today s rally could well continue. dan harris, abc news. new concerns this morning about syria s stockpile of chemical weapons. a published report says it may be larger and more dispersed around the country than previously thought. video from anti-government forces shows widespread clashes still raging in several cities.