Dow Closes Above 17,000 as Stock Rally Outpaces Economy

The stock market, continuing a remarkable ascent that began in the darkness of the last recession, surged past a milestone on Thursday after a strong jobs report indicated that the economy might finally be gaining steam.

The Dow Jones industrial average, which measures the share price performance of 30 blue-chip companies, broke through 17,000 for the first time. It closed at 17,068.26, up 92.02 points, or 0.54 percent. The Standard & Poor’s 500-stock index, a broader yardstick, finished the day within striking distance of 2,000, closing up 10.82 points, or 0.55 percent, at 1,985.44, a record.

Dow Closes Above 17,000 as Stock Rally Outpaces Economy – NYTimes.com.

 

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