THE DOW Jones Industrial Average yesterday smashed through 17,000 points for the first time ever in intraday trading, after an encouraging report on US job creation helped to reassure investors that economic growth could support stock benchmarks at all-time highs.
The Dow rose 0.41 per cent, to 17,045.43, the S&P 500 index was up 0.6 per cent, to 1,985.44, while the Nasdaq composite index also added 0.6 per cent, to 4,485.93. With the move above 17,000, the Dow stands 14 per cent higher than a year ago.
Volume was extremely light in the shortened session ahead of the 4 July holiday, with only 3.49bn shares traded on all US platforms, according to
About 55 per cent of
Most Popular Stories
- Businesses, Investors Pressing for Green Policy
- 'The Voice' Sounds Different This Season
- NSHMBA to Rebrand With New Name, Logo
- Lower Used-Car Prices Roil the Auto Industry
- Chrysler and Google Launch Virtual Plant Tour
- Investors Fret Yahoo's Future, Stock Dips
- Perry Wants to Skip Court for Foreign Trip
- Liberty Power Helps USHCC Go Green
- Hispanic Designer Honored As Rising Star
- Porn Lovers Get a New Search Engine