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Dow soars above 17,000 for 1st time on jobs news
Dow soars above 17,000 for 1st time on jobs news

The stock market has rallied this year on hope that economic growth would finally accelerate beyond its sluggish pace. That bet seemed to pay off Thursday as the Dow Jones industrial average vaulted over 17,000 for the first time. Share prices jumped after a better-than-expected jobs report bolstered hopes for an economic surge in the coming months. "We're at the cusp of starting to see a sustainably higher growth rate than we've seen in the past," said Bruce Simon, chief investment officer at City National Rochdale. The Dow jumped 92.02 points, or 0.5%, to 17,068.26. The blue-chip indicator is up 3% this year. The Standard & Poor's 500 index, which also hit a new high, has...

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