Dow Tops 14,000 For First Time In More Than 5 Years

NEW YORK (February 1, 2013)--The Dow Jones index closed above 14,000 Friday for the first time since October 2007, before the financial crisis rocked the world economy.

Propelled by strong auto sales and optimism about U.S. jobs, the Dow Jones industrial average crossed the line early Friday and continued flirting with the mark all day.

Other major stock indexes also rose.

The Dow was up 149 points to close at 14,010.

It has gained 6.9 percent this year.

The Standard & Poor's 500 rose 15 to end the day 1,513.

The Nasdaq composite index added 37 to close at 3,179.

The government jobs report released Friday was mixed, but pushed stocks forward.

The U.S. said it added 157,000 jobs in January, in line with expectations, but unemployment inched up to 7.9 percent.

Automakers Toyota, Ford, GM and Chrysler all reported double-digit sales gains for January.


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