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.

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Showing 3 of 17 comments
Ivan_the_Gypsy
May 5, 2013 1:11 AM CDT
It's interesting how the inflated dollar can appear to make people feel wealthier. The unemployment rate is not lower, just more people off the unemployment roles and more part time help hired. As usual the government cooks the books.
StemleyGator
May 4, 2013 12:23 AM CDT
Too bad it's the feds ptopping it up with taxpayers cash.
Who_Cares
May 3, 2013 10:28 PM CDT
I am glad someone has fun and money, too bad it isn't me.