|
|
"A comprehensive, collaborative elections resource."
|
Dow at 4-year high, Nasdaq hits 11-year high
|
|---|
| Parent(s) |
Issue
|
| Contributor | Brandonius Maximus |
| Last Edited | Brandonius Maximus Feb 03, 2012 03:47pm |
| Logged |
2
[Older]
|
| Category | News |
| Author | By Hibah Yousuf @CNNMoneyMarkets |
| News Date | Friday, February 3, 2012 09:00:00 PM UTC0:0 |
| Description | NEW YORK (CNNMoney) -- U.S. stocks rallied Friday, as investors cheered a much stronger-than-expected jobs report.
The Dow Jones industrial average (INDU) gained 157 points, or 1.2%, the S&P 500 (SPX) added 19 points, or 1.5%, and the Nasdaq composite (COMP) increased 46 points, or 1.6%.
The rally pushed pushed the Dow, up more than 5% in 2012, to its highest level since May 2008. The Nasdaq, up more than 11% for the year, climbed to its highest level since December 2000. The S&P 500 has gained almost 7% this year, and finished at a six-month high.
The rally was sparked by the Labor Department's monthly jobs report, which showed that the U.S. economy added 243,000 jobs in January, far exceeding expectations. The unemployment rate dropped to 8.3%, the lowest since February 2009. |
| Share |
|
|
2¢
|
|
| Article | Read Full Article |
|
| Date |
Category |
Headline |
Article |
Contributor |
|
|
