The Dow Jones Industrial Average topped 17000 for the first time after a rosy report on U.S. job creation helped reassure investors.
With the index rising above 17000, the Dow is up more than 3% for the year and stands 14% higher than it did a year ago.
Thursday’s rally was spurred by a report from the Bureau of Labor Statistics that showed U.S. employers added 288,000 jobs in June, well above the 215,000 expected by economists.
Anytime the stock averages are going up it is good news not only for the wealthy few but for the middle-class Americans whose retirement accounts are invested in the stock market.
(READ the story from Wall Street Journal)