Dow finishes above 14,000 for 1st time since Oct. '07
APNEW YORK -- The Dow closed above 14,000 on Friday for the first time in more than five years.
February 3, 2013, 12:08 am TWN
The Dow Jones Industrial Average, a stock market index that is supposed to be a benchmark for how the entire market is faring, had been rising fairly steadily for about a month. On Friday, strong auto sales and optimism about U.S. jobs pushed it over the mark. The Dow is now just 155 points away from its highest close ever.
Market watchers were divided over what the Dow milestone — or even what a potential new all-time high — really means. To some, it's an important booster to hearts and minds, making investors feel optimistic and thus more willing to bet on the market.
The Dow ended Friday 149.21 points, or 1.1 percent, higher to 14,009.79. The other indexes were also up. The S&P 500 rose 15.06, or 1 percent, to 1,513.17. The Nasdaq composite index was up 36.97, or 1.2 percent, to 3,179.10.