Financial Crisis, Dow Jones Industrial Average | featured news

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

Wall Street's bulls have reason to celebrate: The Dow Jones industrial average closed above the psychologically important 13,000 mark for the first time since the financial crisis began in 2008.

Investors fled Wall Street in the worst stock-market selloff since the middle of the financial crisis in early 2009 in what has turned into a full-fledged correction. The Dow and the S&P tumbled more than 4 percent on Thursday and the Nasdaq lost 5 percent on fear the United States is staring at another recession and that Europe's sovereign debt crisis is swallowing two of its largest economies.