Dow Ends at New Record Close
(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.
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