Submitted by newshound on Thu, 10/15/2009 - 00:06
The Dow Jones Industrial Average has topped the 10,000 mark for the first time in a year.
World markets were boosted by the news that US bank JP Morgan Chase reported a better-than-expected profit in the July-to-September quarter.
The Dow closed up 144.8 at 10,015.86, its highest since October 2008.
But correspondents say the Dow is still far off its all time highs and the US economy has a long way to go before there is real recovery.
In early Thursday trading in Asia, all of the major markets were up by more than 1%, following the Dow's lead.
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