Dow tops 17,000 after strong jobs report
NEW YORK (AP) — A strong jobs report pushed up the stock market higher Thursday, with the Dow Jones industrial average crossing 17,000 for the first time. The Department of Labor said employers added 288,000 workers last month, and the unemployment rate fell to 6.1 percent.
The Dow rose 69 points, or 0.4 percent, to 17,044 as of 9:50 a.m. Eastern. The Standard & Poor's 500 index rose six points, or 0.3 percent, to 1,981. The Nasdaq composite rose 14 points, or 0.3 percent, to 4,472.
The major indexes closed at their latest all-time highs Wednesday following more signs that the U.S. economy is picking up.
U.S. markets closed at 1 p.m. Eastern time Thursday and remained closed Friday for the Independence Day holiday.
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Posted on Thu, July 3, 2014
by Associated Press