Share

Policy: Economy

Dow breaks 17,000 following strong US job gains

|
Photo - FILE - This Aug. 9, 2011, file photo, shows a Wall Street street sign near the New York Stock Exchange, in New York. A strong jobs report pushed up the stock market higher Thursday, July 3, 2014, with the Dow Jones industrial average crossing 17,000 for the first time. The Department of Labor said employers added 288,000 workers in June, and the unemployment rate fell to 6.1 percent. (AP Photo/Mark Lennihan, File)
FILE - This Aug. 9, 2011, file photo, shows a Wall Street street sign near the New York Stock Exchange, in New York. A strong jobs report pushed up the stock market higher Thursday, July 3, 2014, with the Dow Jones industrial average crossing 17,000 for the first time. The Department of Labor said employers added 288,000 workers in June, and the unemployment rate fell to 6.1 percent. (AP Photo/Mark Lennihan, File)
News,Business,Economy

NEW YORK (AP) — The Dow Jones industrial average is trading above 17,000 for the first time after the U.S. government reported a big gain in hiring last month.

The government said early Thursday that employers added 288,000 workers in June, far more than economists were expecting.

The Dow was up 79 points, or 0.5 percent, to 17,055 as of noon Eastern time.

The Standard & Poor's 500 index rose seven points, or 0.4 percent, to 1,981. The Nasdaq composite gained 20 points, or 0.5 percent, to 4,478.

PetSmart jumped 13 percent, the most in the S&P 500 index, after the activist investor Jana Partners disclosed a 9.9 percent stake in the company.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.65 percent.

View article comments Leave a comment

More from washingtonexaminer.com