New York - Dow Hits 14,000 For 1st Time Since October 2007 |
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A screen on the trading floor shows the Dow Jones Industrial average over 14,000 at the New York Stock Exchange, February 1, 2013. U.S. stocks extended gains on Friday, with the Dow industrials trading above 14,000 for the first time since October 2007, as jobs and manufacturing data pointed to a stronger U.S. economy. REUTERS/Brendan McDermidNew Yok - The Dow rose higher and briefly topped 14,000 Friday, hitting a milestone not seen since before the financial crisis rocked the world economy.
The Dow Jones industrial average was up 135 points to 13,996 shortly before noon EST. Earlier it crossed above 14,000 for the first time since Oct. 17, 2007. The Standard & Poor’s 500 rose 13 to 1,511. The Nasdaq composite index was up 26 to 3,166.
The government jobs report that lifted markets was mixed, but traders focused on the positive. The U.S. said it added 157,000 jobs in January, in line with expectations. Unemployment inched up to 7.9 percent from 7.8 percent in December. But, encouragingly, the government also reported that hiring over the past two years has been higher than it originally thought.
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Read Comments (6) — Post Yours »
1
Feb 01, 2013 at 12:09 PM Facts1 Says:Report as Inappropriate
That's means if you invested in 2007, you are back where you were then, my bank account earned more with it's interest rate.
Where is that annual 8% return on average? How will it gain in the next two years?
2
Feb 01, 2013 at 12:12 PM Kzler Says:Report as Inappropriate
Wonderful we elected ,we some of us, a socialist President who policies is making it possible that all the fat cats get fatter. In 2007 the Dow Jones was at 7,000. We need more socialists in this government
3
Feb 01, 2013 at 12:32 PM Anon Ibid Opcit Says:Report as Inappropriate
I think the word you're looking for is "over-valued"
4
Feb 01, 2013 at 01:48 PM Anonymous Says:Report as Inappropriate
Obama! Obama! Obama!
5
Feb 01, 2013 at 03:25 PM Kzler Says:Report as Inappropriate
“ That's means if you invested in 2007, you are back where you were then, my bank account earned more with it's interest rate.
Where is that annual 8% return on average? How will it gain in the next two years? ”
No young man in 2007 GE stock dropped to 9 dollar a share and now it is up to 22 dollars of course GE produces medical equipment, locomotives and opened last year a new plant in Brazil and has a solid product not flim flam wall street genaiva
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Feb 02, 2013 at 08:35 PM DanielBarbaz Says:Report as Inappropriate
Perhaps it is time for all of those who have posted vile comments about President Obama, to apologize and thank him for bringing this country back.