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Dow hits 14,000 for 1st time since October 2007

Dow Jones

The Dow rose higher and briefly topped 14,000 Friday, hitting a milestone not seen since before the financial crisis rocked the world economy.

 

US Federal Reserve 'underestimated financial crisis'

The Fed

The US Federal Reserve may have underestimated the looming 2007 global financial crisis, released transcripts from its meetings that year have shown. The documents suggested Fed Governor Ben Bernanke wanted to hold off from addressing rising panic in the markets.

 

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