The Industrial Average has soared above its 2007 level for the first time in years, thanks in large part to the continued gains of major tech firms.
The Industrial Average rose 6.4% to $34,000.
The Dow industrial average rose 6%.
The industry’s broadest gains have been in the semiconductor, mining, pharmaceutical, mining and oil and gas industries, which are the sectors with the greatest potential for expansion.
Industrial production is up 20%, but the increase is not as large as the gains seen in the oil and natural gas industries.
The industry is still on the downswing, with the Industrial Production Index dropping 6.3%.
The Dow industrimaterial index rose 8.5%.
The S&P 500 is up 0.7%, the Nasdaq is up 4.4%, and the Russell 2000 is up 1.4%.