While you were sleeping: Dow vaults over 25,000

Thu, 04 Jan 2018

By Margreet Dietz Jan. 5 (BusinessDesk) - Wall Street rose, lifting the Dow above 25,000 points for the first time, as stronger-than-expected US jobs data bolstered sentiment about the pace of growth for the economy and corporate profits. The US dollar and Treasuries slid. An ADP Research Institute report showed US private employers added 250,000 jobs in December, well exceeding predictions for a 190,000 increase in separate surveys by Bloomberg and Reuters. Separately, a Labour Department report showed initial claims for state unemp...

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