News Column

Dow Climbs Further Into New Territory

March 8, 2013
bull market

The Dow Jones index flew higher Friday after the Labor Department said the U.S. economy added 236,000 jobs and the jobless rate fell to 7.7 percent in February.

After establishing all-time record closing highs Tuesday, Wednesday and Thursday, the Dow Jones industrial average bolted out of the gate Friday. Although gains settled down by midday, the Dow was still in ahead on the day and flirting with another record.

In early afternoon trading, the DJIA added 36.19 points, or 0.25 percent, to 14,365.68.

The Standard and Poor's 500 index added 3.28 points, or 0.21 percent, to 1,547.54. The Nasdaq composite gained 5.80 points, or 0.18 percent, to 3,237.89.

The 10-year U.S. treasury note fell 16/32 to yield 2.057 percent.

Against the dollar, the euro fell to $1.2979 from Thursday's $1.3107. Against the yen, the dollar was higher at 95.68 yen from 94.83 yen.

In Tokyo, the Nikkei 225 rose 2.64 percent on a gain of 315.54 points, to 12,283.62.

In London, the FTSE 100 index added 0.69 percent, 44.42 points, to 6,483.58.


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Source: Copyright United Press International 2013


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