Your 401-k is smoking.... TODAY - WALB.com, Albany News, Weather, Sports

Your 401-k is smoking.... TODAY

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NEW YORK (AP) - A big gain in the job market is lifting the stock market to a record high.

The Dow Jones industrial average crossed 15,000 for the first time, and the Standard and Poor's 500 index, a broader market measure, rose above 1,600.

In the first hour of trading Friday, the Dow Jones industrial average jumped 173 points to 15,004, a gain of 1.2%.

The S&P 500 index surged 20 points, or 1.3%, to 1,618. It has been thirteen years since the broad stock-market index broke through 1,500.

 

 

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