A board on the floor of the New York Stock Exchange (AP/Richard Drew)

Dow Jones crosses 15,000 for first time ever

A robust April jobs report has eased fears of a market swoon


Mike Obel
May 3, 2013 7:08PM (UTC)
This article originally appeared on International Business Times.

International Business Times The Dow Jones Industrial Average on Friday topped 15,000 as an unexpectedly robust monthly jobs report from the Labor Department eased fears of a spring swoon. The broader S&P 500 index also crossed into uncharted territory, going over 1,600 for the first time ever.

The surge on Wall Street followed a report from the Burea of Labor Statistics that 165,000 jobs were created in April and the employment rate went down to 7.5 percent from 7.6 percent.

In late morning trading, the Dow was up 1.17 percent while the S&P 500 rose 1.25 percent. The tech-heavy Nasdaq Composite Index jumped 1.3 percent to 3,383 in late morning trading.


Mike Obel

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