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Epic Research
The Dow industrials closed above 16,000 for the first time on Thursday as stocks rebounded from three days of weakness, after economic data pointed to a slowly improving labor market and subdued inflation.
The Dow Jones industrial average shot up 109.17 points, or 0.69 percent, to close at a record 16,009.99. The Standard & Poor’s 500 Index gained 14.48 points, or 0.81 percent, to finish at 1,795.85. The Nasdaq Composite Index climbed 47.89 points, or 1.22 percent, to end at 3,969.16.
The Dow Jones industrial average shot up 109.17 points, or 0.69 percent, to close at a record 16,009.99. The Standard & Poor’s 500 Index gained 14.48 points, or 0.81 percent, to finish at 1,795.85. The Nasdaq Composite Index climbed 47.89 points, or 1.22 percent, to end at 3,969.16.