Date
23 October 2017
An electronic board displays the Dow's close in a holiday-shortened session. The S&P 500 also ended at a record high. Photo: Reuters
An electronic board displays the Dow's close in a holiday-shortened session. The S&P 500 also ended at a record high. Photo: Reuters

Dow punches through 17,000 as US June jobs climb

Wall Street ran up multiple records in a holiday-shortened session Thursday, with the Dow Jones Industrial Average punching through 17,000.

The S&P 500 also broke into record territory after the United States said jobs came in much stronger than expected in June.

Both the Dow and S&P 500 ended at their third consecutive record highs. The NASDAQ closed at its highest since 2000 and rose for a third straight week, according to Reuters. Regular trading ended early ahead of the US Independence Day holiday when the US stock market will be closed.

The US economy added 288,000 jobs in June, racing past the 212,000 that economists had expected. The US unemployment rate fell to 6.1 percent, the lowest since September 2008.

Nine of the 10 primary S&P 500 sector indices rose for the day.

The Dow rose 92.02 points, or 0.54 percent, to 17,068.26. The S&P 500 gained 10.82 points, or 0.55 percent, to 1,985.44. The NASDAQ Composite added 28.19 points or 0.63 percent, to 4,485.93.

For the week, the Dow rose 1.3 percent, the S&P 500 advanced 1.25 percent and the NASDAQ climbed 2 percent. The NASDAQ has gained for seven of the past eight weeks, rising more than 10 percent over that period.

– Contact us at [email protected]

RA

EJI Weekly Newsletter

Please click here to unsubscribe