The Dow Jones Industrial Average – a US stock index made up of some of the biggest global firms – has hit 17,000 for the first time.
On Thursday, investors pushed shares higher after a better-than-expected jobs report showed the US economy added 288,000 jobs in June.
Overall, low interest rates have led investors to pour money into stocks in an effort to make a profit.
That has pushed US indexes – including the S&P 500 – to new highs in 2014.
On Wednesday, the Dow closed at its 13th record for the year, and the S&P 500 hit its 24th closing high for 2014.
via BBC
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Alfonso Esparza
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
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