Tao of Dow for March 31
by Simon Dumenco
• The Dow Jones Industrial Average inched up 11.56 points on Tuesday to close at 10,907.4, as the market looked with favor on the debut of the music video for Justin Bieber’s “Never Let You Go.” Wall Street’s morning apprehension about the lackluster dance sequence that begins at the 3:08 mark in the video (Take my hand / Let’s just dance / Watch my feet / Follow me) was overshadowed in the end by Bieber’s generally bullish outlook (Don’t be scared / Girl I’m here / If you didn’t know / This is love).
• The Nasdaq Composite advanced 6.33 points to close at 2410.69 because the “chatroulette for news” thingies that Guardian.co.uk software developer Daniel Vydra (left) has been making — including New York Times Roulette — are really awesome, and everybody’s still all excited about Chatroulette, especially the makers of Manroulette (NSFW?), so maybe there’s hope for newspapers to make money online after all, particularly if they dangle the promise of random ween sightings.
Simon Dumenco is The Awl’s Senior Wall Street Correspondent and Justin Bieber Bureau Chief.