Thursday, July 3, 2014

Dow Jones Industrial Average Closes Above 17000 for First Time, Have a Glorious Fourth!

From our June 2 post "I'm Tellin' Ya, It's a Bull Market":

I'm tellin' ya...


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From the Wall Street Journal:
The Dow Jones Industrial Average topped 17000 for the first time after a rosy report on U.S. job creation helped reassure investors that economic growth can support stock benchmarks at all-time highs. 

The 30-stock Dow advanced 92.02 points, or 0.5%, to close at 17068.26. The S&P 500 added 10.82 points, or 0.5%, to 1985.44, finishing with its 25th record high of the year. The Nasdaq Composite Index climbed 28.19 points, or 0.6%, to 4485.93. 

With the move above 17000, the Dow is up more than 3% for the year and stands 14% higher than it did a year ago. The Dow's move above 17000 comes just 153 trading sessions since it first closed above 16000 on Nov. 21, 2013, making it the seventh-fastest 1,000-point gain in the blue chip barometer's history....MORE 
I'm tellin' ya: