Dow ends above 14,000 for first time since fall 2007
The rise was propelled by auto sales and optimism over jobs
By Associated PressTopics: Dow JOnes, Stock Market, Financial Crisis, Business News, News
NEW YORK (AP) — The Dow stock market index closed above 14,000 for the first time since before the financial crisis rocked the world economy.
Propelled by strong auto sales and optimism about U.S. jobs, the Dow Jones industrial average crossed the line early Friday and continued flirting with the mark all day. The other major stock indexes also rose.
The Dow was up 149 points to 14,010. It’s gained 6.9 percent this year. The Standard & Poor’s 500 rose 15 to 1,513. The Nasdaq composite index added 37 to 3,179.
The government jobs report that pushed stocks forward was mixed. The U.S. said it added 157,000 jobs in January, in line with expectations. But unemployment inched up to 7.9 percent.
Automakers Toyota, Ford, GM and Chrysler all reported double-digit sales gains for January.
Related Stories
More Related Stories
-
There's no substitute for government disaster relief
-
Billionaire hedge funder: Babies, breast-feeding "kill" focus, keep women from succeeding
-
"Bookless library" set to open in Texas
-
Greek yogurt, toxic waste hazard?
-
Incoming BBC news director on journalism gender gap: "We can do better"
-
Illegal construction, shoddy materials at fault in Bangladesh factory disaster
-
Destroying the planet for record profits
-
Lawsuit alleges anti-gay hiring practices at ExxonMobil
-
The Maker kids are alright
-
Portland's senseless war on fluoride
-
Is Pittsburgh the next Portland?
-
"Original Coca-Cola had a very small amount of cocaine"
-
Justin Bieber will destroy you if you live-tweet his parties
-
Corporations accused of wrongdoing win battle to keep identities secret
-
Wall Street firm's "Golden Pitchbook" is totally sexist, full of lies
-
Apple's biggest sin: Popularity
-
Facebook's hate speech problem
-
Amazon set to launch fine-art gallery
-
Rand Paul: Congress should apologize to Apple, not the other way around
-
Hundreds of low-wage federally contracted workers strike in D.C.
-
When America became a third-world country
Featured Slide Shows
The week in 10 pics
close X- Share on Twitter
- Share on Facebook
- Thumbnails
- Fullscreen
- 1 of 11
- Previous
- Next
-
Lisa Montgomery embraces her nephew Thursday after a tornado tore apart her home in Cleburne, Texas. The twister killed six people and destroyed entire swaths of the North Texas town.
Credit: AP/LM Otero -
Jack McMahon, the defense attorney for abortion doctor Kermit Gosnell, speaks outside the Criminal Justice Center in Philadelphia Tuesday. His client was convicted of killing three babies in his clinic, and will serve multiple life sentences.
Credit: AP/Matt Rourke -
A photo taken Monday captures Vice President Joe Biden's response to a Milwaukee second-grader's innovative proposal to end America's epidemic of gun violence. This guy!
Credit: AP/Jenny Aicher -
Sen. Rand Paul, R-Ky., flanked by a grouper-eyed Michele Bachmann, addresses the IRS' admission that it targeted Tea Party groups in advance of the 2012 election. In an op-ed for CNN Thursday, the Kentucky senator slammed the president for his faux outrage.
Credit: AP/Molly Riley -
Ousted IRS chief Steven Miller is sworn in on Capitol Hill Friday. Miller testified before the House Ways and Means Committee on the extra scrutiny the agency gave conservative groups applying for tax-exempt status.
Credit: AP/J. Scott Applewhite -
Attorney General Eric Holder pauses as he testifies on Capitol Hill before the House Judiciary Committee Wednesday. Holder is under fire, among other things, for the Justice Department's gathering of phone records at the Associated Press.
Credit: AP/Carolyn Kaster -
O.J. Simpson sits during an evidentiary hearing at Clark County District Court in Las Vegas, Nev., Thursday. Simpson, who is currently serving a nine-to-33-year sentence in state prison for armed robbery and kidnapping, is using a writ of habeas corpus to seek a new trial.
Credit: AP/Las Vegas Review-Journal/Jeff Scheid -
Major Tom to ground control: On Sunday astronaut Chris Hadfield recorded the first music video from space, a cover of David Bowie's "Space Oddity."
Credit: AP/NASA/Chris Hadfield -
When it rains it pours. President Barack Obama speaks during a news conference Thursday with Turkish Prime Minister Recep Tayyip Erdogan, inexplicably inspiring an #umbrellagate Twitter meme.
Credit: AP/Jacquelyn Martin -
A smoke plume rises high above a road block at the intersection of County A and Ross Road east of Solon Springs, Wis., Tuesday. No injuries were reported, but the the wildfire caused evacuations across northwestern Wisconsin.
Credit: AP/The Duluth News-Tribune/Clint Austin -
Recent Slide Shows
- Share on Twitter
- Share on Facebook
- Thumbnails
- Fullscreen
- 1 of 11
- Previous
- Next
Related Videos
Most Read
-
Tornado survivor to Wolf Blitzer: Sorry, I'm an atheist. I don't have to thank the Lord
Mary Elizabeth Williams
-
9-year-old slams Rahm over Chicago schools
Natasha Lennard
-
Oklahoma senator: Tornado aid "totally different" from Sandy aid
Jillian Rayfield
-
Experts: Fox News spying scandal a game-changer
Natasha Lennard
-
Judge tells lesbian couple to separate -- or lose kids
Irin Carmon
-
Inhofe and Coburn: Red state hypocrites
Joan Walsh
-
Greek yogurt, toxic waste hazard?
Kristen Gwynne, AlterNet
-
Facebook's hate speech problem
Mary Elizabeth Williams
-
Brad Pitt keeps breaking his silence on how boring marriage to Jennifer Aniston was
Daniel D'Addario
-
Did a Salon excerpt ruin Penn Jillette's chance to win "Celebrity Apprentice"?
Daniel D'Addario
Popular on Reddit
links from salon.com

1238 points1239 points1240 points | 578 comments

772 points773 points774 points | 198 comments
From Around the Web
Presented by Scribol
- Ancient cave paintings found in northeastern Mexico
- Russian rejects parole request by hunger-striking Pussy Riot member Maria Alyokhina
- Sevan Nisanyan: Turkish-Armenian blogger jailed for blasphemy
- Boy Scouts lift ban on openly gay boys
- Valery Giscard d'Estaing: Former French president attacked by panda




Comments
8 Comments