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News Summary: Dow closes above 14K, a rare event
Friday - 2/1/2013, 4:13pm EST
(AP) - THE WOW INDEX: The Dow closed above 14,000 on Friday, a level not seen since before the Great Recession. This also marks just the 10th time in its history that the Dow has closed above that mark.
MOM AND POP: The Dow Jones industrial average is a stock market index meant to be a gauge for the rest of the market. More small investors are getting back into stocks, which is helping drive the Dow's current gains.
THE OTHER ENGINES: Traders were encouraged by a few incremental signs of an improving economy. The unemployment rate rose but the government said that hiring over the past year had been better than previously thought. Auto sales jumped.
(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)