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Dow Ends Above 14,000 for First Time Since Oct 2007

Friday, 01 Feb 2013 04:14 PM

 

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The Dow Jones Industrial average 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 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 has gained 6.9 percent this year.

The Standard & Poor's 500 rose 15 points to 1,513. The Nasdaq composite index added 37 points 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.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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