Dow Jones hits 17,000 for first time

clock • 1 min read

The Dow Jones Industrial Average has closed above 17,000 for the first time, buoyed by investor confidence about the global economy.

The US stock index, which is made up of some of the biggest global firms, rose 92 points to finish at 17,068, the BBC reports. Investors pushed shares higher after a better-than-expected jobs report showed the US economy added 288,000 jobs in June. >Read: All the news on the Dow Jones Industrial Average < Overall, low interest rates have led investors to pour money into stocks. That has pushed US indexes - including the S&P 500 - to new highs in 2014. On Wednesday, the Dow closed at its 13th record high for the year, while the S&P 500 hit its 24th closing high for 2014. A s...

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