Stock market were closed in observation of Veteran’s Day in the United States on Monday, but despite its closure world markets still rose marginally with the Dow Jones Industrial closing at an average all-time high. The stock market’s good day can be directly contributed to the jobs report released by the United States Government. With a multitude of reports that the US economy is officially climbing out of its recession, the world markets keep on rising.

The Us Economy’s Role

The US economy plays a major role in the world market. The US is not only one of the top world powers, but due to its trading power much of the world is dependent on the US dollar. Financial analysis were worried that the US jobs report for October would be extremely grim. With the US government shut down for 16 days at the beginning of the month, the hopes that the US added a substantial number of new jobs was not something many were hopping on. So when the news broke that the US economy added over 204,000 jobs in the month of October, investors took to the markets to celebrate.

The Dow Gain

The rise in the Dow Jones on Monday marked the fifth straight week of rising shares. With this achievement, the Dow now has risen 20% so far this year over last. The Dow has not seen these type of numbers since 2003 way before the recession started. The Dow closed at 15,783 which was up 21 points from it’s closing figures on Friday. With Monday being a Holiday, these numbers achieved were impeccable. The stock trading volume for Monday was considered to be one of the lowest of the year, and with bond markets closed as well it’s amazing that the Dow saw the high numbers that it did. With figures like this, it shows that investors are gaining their trust back into the US economy’s full recovery.

Other World Markets

Overall all world markets are exceeding expectations this year by turning out higher numbers then economic analysis ever predicted. On Monday alone the Standard & Poor 500 rose 1.28 points and the NASDAQ rose 2 points. While these numbers may not seem widely significant, for these smaller markets the gain they saw on Veteran’s Day is a big deal overall. The S&P 500 is up more than 160 points since the stock market crash in 2009, and nearly all companies associated with the S&P like Wal-Mart and Macy’s have shown that their third quarter earnings have far exceeded expectations.

Other Major Gains

Aside from the stock market rising, other investments have also risen to levels unexpected this past year. Treasury Notes rose 2.75% last week reaching an all-time 10-year high. Although the rise in oil prices is not seen as a positive gain for most American’s wallets, the price of oil rose 54 cents this week showing that people are starting to drive more and the economy is getting stronger.

As the holidays creep closer, the news of the economy growing stronger could not come at a better time for investors and businesses worldwide. With the world markets rising as high as they did on a US holiday, financial analysis are starting to believe that despite the US government’s constant threats of shutdowns and turmoil the US economy will continue to recover hopefully reaching levels not seen since the recession began.