The Dow Jones topped 17,000 for the first time after the June jobs report came in stronger than expected. Trading ended at 1 p.m. today, due to the Independence Day holiday – the U.S. stock market will be closed on July 4th.
U.S. stock market records were being set mainly due to the American economy creating 288,000 jobs in June, blowing past the 212,000 economists expected. U.S. unemployment rate fell to 6.1 percent, the lowest since September 2008.
The Dow Jones industrial average (.DJI) rose 92.02 points or 0.54 percent, to 17,068.26. The S&P 500 (.SPX) gained 10.82 points or 0.55 percent, to 1,985.44. The Nasdaq Composite (.IXIC) added 28.19 points or 0.63 percent, to 4,485.93.