Dow Hits Highest Close Since 2001

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Mixed employment data helped Wall Street extend its New Year’s rally Friday, as investors saw a slowdown in monthly hiring as a precursor to the end of the Federal Reserve’s interest rate hikes. The major indexes surged this week, finishing at their highest levels since mid-2001.


The Dow gained 77.16, or 0.7 percent, to 10,959.31. The Dow advanced 165 points through Thursday; the average has not closed above 11,000 since June 7, 2001, before 9/11. The S & P; 500 was up 11.97, or 0.9 percent, at 1,285.45. The Nasdaq climbed 28.75, or 1.3 percent, to 2,305.62.


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