The U.S. stock market has rebounded nicely from the 2009 lows of the Great Recession.
The 30-stock Dow Jones industrial average hit an all-time high on Tuesday, besting its previous high set Oct. 9, 2007, just as the Great Recession was starting. The Dow dropped all the way to 6,547.05 on March 9, 2009.
And the Bloomberg Northeast Ohio Index, designed to measure the region’s economy by tracking the stock performance of 44 publicly traded companies, also has bounced back from five years ago.
The Northeast Ohio index was at 297.62 on Oct. 9, 2007. It hit a low of 85.58 on March 9, 2009, and since then hit a high of 305.39 on Feb. 19.
On Tuesday, the index ended at 300.03.
Of course, not every local publicly traded company has performed as well as the Dow or the Bloomberg Northeast Ohio indexes since October 2007.
A sampling of company stock prices that have seen declines and increases in the greater Akron area shows:
• Goodyear Tire & Rubber Co. shares were $30.43 on Oct. 9, 2007. Tuesday’s close: $12.80.
• FirstEnergy Corp. shares were $67.10 on Oct. 9, 2007. Tuesday’s close: $40.06.
• FirstMerit Corp. shares were $20.45 on Oct. 9, 2007. Tuesday’s close: $15.21.
• Timken Co. shares were $37.95 on Oct. 9, 2007. Tuesday’s close: $55.84.
• A. Schulman Inc. shares were $20.48 on Oct. 9, 2007. Tuesday’s close: $31.51.
— Compiled by Beacon Journal business writer Jim Mackinnon
