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

(AP) - The Dow Jones industrial average has closed at its highest level since before the 2008 financial crisis. The Dow jumped 157 points Friday

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

The footage was shared online by Thomas Marrone, 1 Video appears to show abuse inside NYDogWorks in Oceanside
Executive director of the Maritime Museum Terry Blipman 2 LI Maritime Museum hosts Dutch Christmas Festival
Police say James Burke, 76, veered off the 3 Police: Medical event led to fatal crash in Huntington Station
Empire State Development Corp. canceled its 4-year-old request 4 Plans for Belmont Park soccer stadium nixed by state
Angela Conte-Gentille says she remembers growing up in 5 Facebook post fuels push for East Meadow Ave. decorations

advertisement | advertise on News 12

Features

Need help this holiday season? We've got you Holiday Help Series

Need a gift idea? Perhaps you need a fun idea to do with the kids?

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.

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