Strong jobs report sends Dow soaring to highest level since '08

NEW YORK - (AP) - The Dow Jones industrial average has closed at its highest level since before the 2008 financial crisis. The Dow jumped 157 points Friday to close at 12,862. That's the highest since May 2008. The Nasdaq composite index closed at its highest level since December 2000. Before the market opened, the Labor Department said companies hired 243,000 employees in January. That's the strongest job growth in nine months. The increase in hiring pushed the unemployment rate down to 8.3 percent. The S&P 500 index added 19 points, or 1.5 percent, to 1,345. More than four stocks rose for every one that fell on the New York Stock Exchange. Trading volume was 4.6 billion shares.

advertisement | advertise on News 12

Top 5 Must See

News 12 is told the driver of the 1 Officials: 2 struck by car in Massapequa
The vigil for Banegas took place at the 2 Vigil held for victim in Central Islip Park killing
Police say two men were killed Saturday in 3 Police: 2 killed in West Babylon crash
Police say a motorcyclist was killed in a 4 Manorville man killed in motorcycle crash
State police say a man allegedly exposed himself 5 Man exposes himself to 3 women running near Bethpage State Parkway

advertisement | advertise on News 12

Features

Each week, News 12's Doug Geed explores the Check out fun things to do on the East End!

Explore the Twin Forks with News 12's Doug Geed.

Each week a different shelter visits News 12 Dog Day Fridays Series

Each week a different shelter visits News 12 Long Island with pets up for adoption.

News 12 digs deep to find Long Island's Discover Long Island's Hidden Past

News 12's Danielle Campbell digs into Long Island's roots.

News 12's Lily Stolzberg sees how much Long On The Spot

News 12's Lily Stolzberg sees how much Long Islanders know about everything and anything.

Sorry to interrupt...

Your first 5 are free

Access to News12 is free for Optimum, Comcast®, Time Warner® and Service Electric℠ video customers.

Please enjoy 5 complimentary views to articles, photos, and videos during the next 30 days.

LOGIN SUBSCRIBE