...briefly. Back at around 14,980 now.
Stocks hit all time highs as Dow breaks above 15,000
The Dow Jones industrial average surged past 15,000 for the first time Friday after the government said job growth was stronger than expected last month and the unemployment rate hit a four-year low.
The Standard & Poor’s 500 index, a broader gauge of the stock market that is more often cited by professionals, crossed 1,600 for the first time. Both indexes were up more than 1 percent for the day.
U.S. employers added 165,000 jobs in April, according to the Labor Department, while the unemployment rate fell to a four-year low of 7.5 percent. Economists in a Reuters poll expected a reading of 145,000 and unemployment to hold steady at 7.6 percent. Non-farm payrolls came in at a disappointing 88,000 in March.
Global markets reacted to the employment report, with European shares turning decisively higher and the dollar jumping against the euro and the yen. Oil prices rallied, while gold, often viewed as a safe haven, slid near $1,460 an ounce. Treasury prices also declined.
The Dow is
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