Dow Jones Industrial Average Crosses 15,000 For First Time; Strong Jobs Reports Provide Big Lift

 @MikeObelm.obel@ibtimes.com
on May 03 2013 10:56 AM

The Dow Jones Industrial Average on Friday topped 15,000 as an unexpectedly robust monthly jobs report from the Labor Department eased fears of a spring swoon. The broader S&P 500 index also crossed into uncharted territory, going over 1,600 for the first time ever.

The surge on Wall Street followed a report from the Bureau of Labor Statistics that 165,000 jobs were created in April and the employment rate went down to 7.5 percent from 7.6 percent.

In late morning trading, the Dow was up 1.17 percent while the S&P 500 rose 1.25 percent. The tech-heavy Nasdaq Composite Index jumped 1.3 percent to 3,383 in late morning trading.

On March 28, the S&P 500 closed at a record high 1,569.19 and the Dow Jones Industrial Average set a record high of 14,578.54.

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