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The Dow closed above the 17,000-point barrier for the first time on Thursday after the government said the unemployment rate dropped to a near six-year low and the economy created many more jobs than expected. The Dow Jones Industrial Average ended unofficially 92 points ahead at 17,068.26, the S&P 500 rose 10 points and the Nasdaq added 28 points. The Labor Department reported that job growth sped up in June as the economy created a much-higher-than expected 288,000 jobs and the jobless rate dropped to near a six-year low of 6.1 percent. The New York Stock Exchange closed early ahead of the long weekend holiday.
- Employment Revs Up in June as Economy Creates 288K Jobs
- 32 States Trail U.S. in Job Recovery
- Gas Prices This Weekend Will Be Highest in Six Years
- Kate Gibson, CNBC