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
- Prosecutor to Investigate Walmart Police Shooting
- GM to Announce New Jobs in Tennessee
- Mark Sanchez Suddenly a Hot QB Commodity
- Smith & Wesson Misses Target
- Emirates Hit Libyan Targets With Airstrikes
- Marco Rubio Warns Obama on Deportations
- Michael Brown Funeral: Can Americans Change the Script of Violence?
- American Killed With ISIS Fighters in Syria
- Surf's Up! SoCal Prepares for Big Storm Surf
- Ford Hires 300 at Louisville Lincoln Plant