Stock Market is Aggregate Demand?

A web entry on Yahoo Finance relates that the Dow has hit a four-year high.  Does this mean that aggregate demand is shifting to the right?  I read somewhere that government spending is declining largely because of a decrease in military spending.  The Bureau of Labor Statistics, BLS, indicates that jobs entrants are finding work.  I don't think happy days are here again, but many of the macro statistics that I look at indicate recovery.