Dow Ends at New Record Close

Business

0  Updated at 2:30 pm, March 8th, 2013 By: ABC Digital
Share This Story

Hemera/Thinkstock(NEW YORK) — The Dow Jones Industial Average ended the day up another 67.58 points, boosted by Friday’s jobs report that exceeded analyst expectations. Earlier this week, the Dow blew through a record, and ended the week just shy of 14,400 — setting a new record.

The Dow has been up six straight days, four of those ending with a new record close.

The broader S&P 500 came close to a record after a nudge from the job market, surprisingly robust in February, which bodes well for the U.S. economy.  Chad Morganlander of the financial firm Steifel Nicolaus says the 236,000 jobs created last month is just the kind of growth needed every month to lower unemployment.  Manufacturers, builders, even retailers were hiring bringing the unemployment rate, at 7.7 percent, to its lowest level in four years.

The Nasdaq gained 12.28 points, or 0.4 percent, to close Friday at 3,244.37.

Copyright 2013 ABC News Radio



Stories You May Be Interested In:

Ringling Brothers circus to close after 146 years

14 Jan 2017

EastIdahoNews.com staff

Volkswagen executive arrested in emissions scandal

9 Jan 2017

Aaron Smith and Evan Perez, CNM

Jakers Bar and Grill coming to Pocatello

12 Jan 2017

Magdala Louissaint, KPVI