Dow Hits Five-year High on Jobs Report

By Good News Network Sunday, October 07, 2012

Business - General

The Dow Jones industrials index climbed to its highest level in nearly 5 years on Friday, after a surprise drop in the unemployment rate pointed to continued improvement in the labor market.

The S&P 500 rose for a fifth straight day and was also on course to close near a 5-year high. The index has appreciated nearly 17 percent so far this year, and is on track for its best yearly gain since 2009, when stocks rebounded after the financial crisis.

(READ the Reuters story from Fox Business)

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