{"id":31634,"date":"2014-07-03T18:54:56","date_gmt":"2014-07-03T22:54:56","guid":{"rendered":"http:\/\/thelehighacresgazette.com\/news\/?p=31634"},"modified":"2014-07-03T18:54:56","modified_gmt":"2014-07-03T22:54:56","slug":"dow-hits-17000-for-first-time","status":"publish","type":"post","link":"https:\/\/thelehighacresgazette.com\/news\/2014\/07\/dow-hits-17000-for-first-time\/","title":{"rendered":"Dow Hits 17,000<br> For First Time"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-31635\" title=\"Dow jones\" src=\"http:\/\/thelehighacresgazette.com\/news\/wp-content\/uploads\/2014\/07\/Dow-jones.jpg\" alt=\"\" width=\"300\" height=\"168\" \/>The Dow finally hit 17,000! After a whole week of gingerly tiptoeing to the line, the market finally crossed this mark.<\/p>\n<p>Many see it as just a psychological threshold, but it&#8217;s a level U.S. stocks have never seen before and it comes a mere six months after the Dow crossed 16,000.<\/p>\n<p>All three major indexes are up in Thursday trading, with the Dow Jones Industrial Average at an all-time high of 17,054. The S&amp;P 500 is also at a record level, hitting 1,982 for the first time. The teach heavy Nasdaq Composite is up about 0.25%.<\/p>\n<p>U.S. markets closed early today ahead of the July 4 holiday weekend.<\/p>\n<p><!--more-->Jobs Bonanza: A strong June job reports drove the optimism in the stock market. The U.S. economy added 288,000 jobs last month, and the unemployment rate fell to 6.1%, down from 6.3% in May. That was much better than economists or Wall Street expected.<\/p>\n<p>Bonds react to jobs report: The bond market is moving to sell after the jobs report and Federal Reserve chair Janet Yellen&#8217;s comments yesterday that the central bank will not use interest rates to pop any potential bubbles in the markets. Bond yields are up to 2.67%, a sign of the improving economy.<\/p>\n<p>Gold investors are similarly skittish, with the precious metal&#8217;s price dropping almost an entire percentage point to $1,318 an ounce.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Dow finally hit 17,000! After a whole week of gingerly tiptoeing to the line, the market finally crossed this mark. Many see it as just a psychological threshold, but&hellip; <\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"_links":{"self":[{"href":"https:\/\/thelehighacresgazette.com\/news\/wp-json\/wp\/v2\/posts\/31634"}],"collection":[{"href":"https:\/\/thelehighacresgazette.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thelehighacresgazette.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thelehighacresgazette.com\/news\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/thelehighacresgazette.com\/news\/wp-json\/wp\/v2\/comments?post=31634"}],"version-history":[{"count":0,"href":"https:\/\/thelehighacresgazette.com\/news\/wp-json\/wp\/v2\/posts\/31634\/revisions"}],"wp:attachment":[{"href":"https:\/\/thelehighacresgazette.com\/news\/wp-json\/wp\/v2\/media?parent=31634"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thelehighacresgazette.com\/news\/wp-json\/wp\/v2\/categories?post=31634"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thelehighacresgazette.com\/news\/wp-json\/wp\/v2\/tags?post=31634"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}