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Nasdaq Hits 11-Year High; Dow Rises 157

It's Dow's best finish since 2008
By John Johnson,  Newser Staff
Posted Feb 3, 2012 3:10 PM CST
Nasdaq Hits 11-Year High; Dow Rises 157
Trader Edward Schreier, right, works with specialist John Alatzas, center, on the floor of the New York Stock Exchange Friday.   (AP Photo/Richard Drew)

(Newser) – Today's rosy jobs report did wonders for the markets. The tech-heavy Nasdaq, in fact, closed at an 11-year high, reports MarketWatch, while the Dow finished at its highest level since May 2008, notes the Wall Street Journal. The numbers:

  • Dow: Up 157, 1.2%, to 12,862
  • Nasdaq: Up 46, 1.6%, to 2,906
  • S&P 500: Up 19, 1.5%, to 1,345

story continues below

“The jobs report was a really solid number," says an analyst at Charles Schwab. "It beat expectations and continues the trend we’ve seen last few months. The economy is doing better than a lot of people are giving it credit for." (Read more stock market stories.)

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