Dow back in the black for 2010

The Dow Jones industrial average recovered 142 points friday to finish at 10,448. This is approximately .2% higher than the market when it closed December 31, of last year. The economy lagged in the beginning of 2010 due to fears of a double dip recession and a lack of consumer confidence. The recovery is attributed to data that showed an improvement in manufacturing. The jobs report that released Thursday also helped the surge in stocks as companies reported fewer job cuts than expected. However, with many traders on vacation for labor day weekend, it is unclear what effect these reports will have on the market in the following weeks. Investors are also concerned about short term growth in the US economy, and continuing debt problems in Europe which could disrupt the economic recovery.