Skeptical Stock Market Climbs Again

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The stock market rose again Friday because of economic help from the Federal Reserve. But even some of the buyers weren’t believers.

The Dow Jones industrial average hit its highest close since the pre-crisis days of November 2007. The Russell 2000 index of smaller companies briefly traded above its all-time closing high.

Apple, the most valuable company in American history, blew through its all-time high and neared $700 per share as it started taking orders for the iPhone 5.

The gains came on top of a 206-point climb for the Dow on Thursday, when the Fed laid out additional plans to try to energize the economy, including buying $40 billion a month in mortgage bonds for as long as necessary.

But a day later, even with the market rising, plenty of investors were unconvinced. Read more on Kansas City Star.


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