Dow jumps past 15,000 - WREX.com – Rockford’s News Leader

Dow jumps past 15,000

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NEW YORK, NY (WREX) -

For the first time in history the Dow Jones Industrial Average soared past 15,000 thanks to a positive April jobs report.

The Dow rose 173 points to 15,004 within the first hour of trading on May 3. The S&P 500 also marked a record, reaching above 1,600—the first time it has passed 1,500 in 13 years.

The U.S. economy added 165,000 jobs last month, dropping the unemployment rate to a four-year low of 7.5 percent. That report seemed to have a positive effect on global markets, with the dollar gaining against the yen and the euro. European shares turned higher as well.

The Dow is up 14 percent and the S&P up 13 percent since the beginning of the year.

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