NEW YORK (AP) — The stock market is surging past new milestones after the government reported a big pickup in hiring at U.S. employers.
The Dow Jones industrial average crossed 15,000 for the first time Friday and the Standard and Poor’s 500 index, a broader market measure, broke through 1,600.
The Dow gave up some of its gain and closed up 142 points at 14,973, an increase of 1 percent.
The S&P 500 surged 16, or 1 percent, to 1,614.
The driver was jobs. U.S. employers added 165,000 of them in April and more in February and March than previously estimated. The unemployment rate fell to the lowest level in four years, 7.5 percent.
Three stocks rose for every one that fell on the New York Stock Exchange. Volume was average, 3.6 billion shares.
Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Kansas Lottery players will want to check their Powerball tickets very carefully today.
Study finds women at high risk for breast cancer were half as likely to develop the disease while taking new drug Arimidex.
Boeing is expected to respond Thursday to a Machinists union proposal that would keep much of the work on its new 777X plane in Washington state.
The Sedgwick County Sheriff's Department arrested two suspects after a shots fired call.
Newtown Foundation joins with the Washington National Cathedral to host a vigil service marking anniversary of the shooting at Sandy Hook Elementary.
Oklahoma ice climbers use old grain silo into ice climbing adventure.
Security video shows Las Vegas casino shooting that left one dead and two more injured.