Dow Crosses 15K for First Time

Strong jobs report lifts markets
By Newser Editors and Wire Services
Posted May 3, 2013 10:07 AM CDT
In this May 2 photo, traders gather at a post on the floor of the New York Stock Exchange.   (Richard Drew)

(Newser) – A big gain in the job market lifted the stock market to a record high this morning. The Dow Jones industrial average crossed 15,000 for the first time, and the Standard and Poor's 500 index, a broader market measure, rose above 1,600. In the first hour of trading, the Dow jumped 173 points to 15,004, a gain of 1.2%. The S&P surged 20 points, or 1.3%, to 1,618. It has been 13 years since the latter index broke through 1,500. Click for more on April's jobs report. (Read more Dow Jones stories.)

My Take on This Story
Show results without voting  |