Dow hits another high on hiring surge last month

Print
Font Size:
Default font size
Larger font size

Posted: Friday, November 8, 2013 12:00 am

NEW YORK (AP) — The Dow Jones industrial average is closing at another record high after the government reported an unexpected surge in hiring last month.

The Dow rose 167 points, or 1.1 percent, to 15,761. JPMorgan Chase and Goldman Sachs rose the most in the Dow. The index also closed at a record high on Wednesday.

The Standard & Poor's 500 rose 23 points, or 1.3 percent, to 1,770, one point below the all-time high it set on Oct. 29.

The Nasdaq composite rose 61 points, or 1.6 percent, to 3,919.

Trading volume was heavier than usual.

Treasury prices fell after the U.S. reported that employers added 204,000 jobs last month, more than economists expected. The yield on the 10-year note jumped to 2.75 percent, the highest in six weeks.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

© 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


loading...

SPOTLIGHT »

Inside Business
To submit an announcement for "Inside Business", click here. For questions call (402) 444-1371 or e-mail announcements@owh.com.

World-Herald Alerts

Want to get World-Herald stories sent directly to your home or work computer? Sign up for Omaha.com's News Alerts and you will receive e-mails with the day's top stories.