Dow Jones closes above 14,000 - New York News

Dow Jones closes above 14,000

Posted: Updated:
NEW YORK (MYFOXNY) -

The Dow Jones industrial average closed above the 14,000 mark Friday -- for the first time since October 2007. 

After that 2007 benchmark, the stock market declined as a financial crisis rocked the world.

The stock average shot up Friday after traders saw positive signs in a mixed U.S. jobs report and strong auto sales.

The average broke 14,000 just after 10 a.m. but retreated below the milestone moments later.  It went back over the 14,000 mark again in the afternoon.

The Dow's all-time high is 14,164.53, which it reached on Oct. 9, 2007. The index has more than doubled since falling to close at low of 6,547 on March, 3, 2009.

The Dow is an index of 30 big companies. Its purpose is to represent how the broader stock market is faring. It's more a representation of how traders are feeling about the economy than the economy's underlying fundamentals, but hitting 14,000 is still considered an important psychological milestone.

The Dow has gained 6.7 percent since the start of 2013.

The Associated press contributed to this report.

  • Manhattan NewsManhattan NewsMore>>

  • Times Square, 1 WTC go gold for childhood cancer awareness

    Times Square, 1 WTC go gold for childhood cancer awareness

    Tuesday, September 2 2014 10:20 PM EDT2014-09-03 02:20:23 GMT
    Things are looking up for cute little Cami King. Not only is her cancer in remission, she also just got to meet Mickey, Minnie and Elmo in Times Square. But, if you can believe it, there's something else this 4-year-old is even more excited about: Times Square is going gold. The chairman of the Times Square Advertising Coalition announced the crossroads of the world is going to light up in gold to raise awareness for pediatric cancer research.
    Things are looking up for cute little Cami King. Not only is her cancer in remission, she also just got to meet Mickey, Minnie and Elmo in Times Square. But, if you can believe it, there's something else this 4-year-old is even more excited about: Times Square is going gold. The chairman of the Times Square Advertising Coalition announced the crossroads of the world is going to light up in gold to raise awareness for pediatric cancer research.
  • Subway bedbug infestations on the rise

    Subway bedbug infestations on the rise

    Tuesday, September 2 2014 6:32 PM EDT2014-09-02 22:32:13 GMT
    It appears the subway bedbug problem we've been reporting is getting worse. Commuters already have to contend with sweltering platforms, scurrying rats and packed train cars, and now there's another transit woe: fear of bedbugs.
    It appears the subway bedbug problem we've been reporting is getting worse. Commuters already have to contend with sweltering platforms, scurrying rats and packed train cars, and now there's another transit woe: fear of bedbugs.
  • Joan Rivers on life support

    Joan Rivers on life support

    Tuesday, September 2 2014 2:03 PM EDT2014-09-02 18:03:07 GMT

    Joan Rivers' family is confirming that the comedian is on life support after going into cardiac arrest last week during a procedure at a doctor's office.

    Joan Rivers' family is confirming that the comedian is on life support after going into cardiac arrest last week during a procedure at a doctor's office.

  • Local NewsLocal NewsMore>>

  • Times Square, 1 WTC go gold for childhood cancer awareness

    Times Square, 1 WTC go gold for childhood cancer awareness

    Tuesday, September 2 2014 10:20 PM EDT2014-09-03 02:20:23 GMT
    Things are looking up for cute little Cami King. Not only is her cancer in remission, she also just got to meet Mickey, Minnie and Elmo in Times Square. But, if you can believe it, there's something else this 4-year-old is even more excited about: Times Square is going gold. The chairman of the Times Square Advertising Coalition announced the crossroads of the world is going to light up in gold to raise awareness for pediatric cancer research.
    Things are looking up for cute little Cami King. Not only is her cancer in remission, she also just got to meet Mickey, Minnie and Elmo in Times Square. But, if you can believe it, there's something else this 4-year-old is even more excited about: Times Square is going gold. The chairman of the Times Square Advertising Coalition announced the crossroads of the world is going to light up in gold to raise awareness for pediatric cancer research.
  • Lawyer says family of girl with Uzi is devastated

    Lawyer says family of girl with Uzi is devastated

    Tuesday, September 2 2014 10:00 PM EDT2014-09-03 02:00:24 GMT
    An attorney for the parents of a 9-year-old girl who accidentally killed an Arizona shooting range instructor with an Uzi say the family is devastated by the tragedy that occurred on a brief excursion during a...
    An attorney for the parents of a 9-year-old girl who accidentally killed an Arizona shooting range instructor with an Uzi say the family is devastated by the tragedy that occurred on a brief excursion during a vacation.
  • Deadly crash in Lincoln Tunnel

    Deadly crash in Lincoln Tunnel

    Tuesday, September 2 2014 8:15 PM EDT2014-09-03 00:15:54 GMT

    Officials say a New Jersey man has died from injuries he suffered in a chain-reaction crash inside one of the tubes of the Lincoln Tunnel.  Port Authority of New York and New Jersey police spokesman Joe Pentangelo says the 49-year-old Summit resident was among three people hurt in the accident.


    Officials say a New Jersey man has died from injuries he suffered in a chain-reaction crash inside one of the tubes of the Lincoln Tunnel.  Port Authority of New York and New Jersey police spokesman Joe Pentangelo says the 49-year-old Summit resident was among three people hurt in the accident.



Powered by WorldNow
Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices