Feb 3, 2012 5:19pm
Dow Close Highest Since 2008
EmailA strong jobs report pushed stocks higher, with the Dow Jones Industrial Average closing at the highest level since May 2008 — before the financial crisis, the Associated Press reported.
The Dow closed at 12,862 at the end of trading on Friday, up 1.2 percent, after passing 12,869 mid-day. Earlier, the Labor Department said unemployment fell to 8.3 percent in January as employers added 243,000 jobs, a possible sign the economy is at long last settling into a stronger recovery.
The fifth straight monthly decline for unemployment caused a surge in stocks, with the Nasdaq index at an 11-year high earlier in the day.
The Nasdaq closed at 2,905, up 1.61 percent, while the S&P 500 rose 1.5 percent to 1,344.90.
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I totally blame Obama . Bush2 and posse had the DOW spiraling right down the toilet and now it’s growing with a little gusto even . Dang Liberals…
Posted by: davem | February 3, 2012, 6:30 pm 6:30 pm
Bad news for Republicans. They’re scratching their chins wondering “How can we keep this recovery from coming.”
Posted by: Plantain_11 | February 3, 2012, 7:10 pm 7:10 pm
Lol ! Bring on the FOX /Drudge spin my right-wing clod/ dolt “friends ” . Not quite as good as the Bard , but adequately appropriate . Lol…
Posted by: tinmonthy | February 3, 2012, 7:15 pm 7:15 pm
…and it’s all so transparent. Republicans do not want the economy to recover right now. It’s election season damn it!
Posted by: Plantain_11 | February 3, 2012, 7:19 pm 7:19 pm
Good news for some , but we need more . Team Obama 2012 to finish !
Posted by: adamsmith1000 | February 3, 2012, 8:02 pm 8:02 pm
Thank God the Democrats lost the House majority in 2010.
Posted by: newcountryman | February 4, 2012, 12:03 pm 12:03 pm
“Thank God the Democrats lost the House majority in 2010 .” ——————Q: What bills has the House passed into law that can claim any part of this rally ? A: None. In truth they’ve done nothing , and as much as partisan shills like you would like to be able to claim they’ve helped to mend this economy , the facts are in abject disagreement with that patently and tacitly false assertion . As a matter of fact if you’d look objectively you’d find that the recovery was on track and doing fairly well before the Tea Toads took over the House and put up a “NO” sign ; the very month they were sworn in the economic track / unemployment started to slide back towards Bush2 levels , i.e. awful . In fact contrary to your opinion the economy would almost certainly be in much better shape today had they ( conservatives ) never been elected in the first place . They are like an anchor holding the ship back , hoping bad economic news will make Mr. Obama a 1 term president . They’ve clearly failed to achieve that traitorous coup (see headline) , but one good thing came from all their sophistry and lies ; mainly that the American voter finally sees who / what conservative really are , i.e. a big pack of corporate bought-and-paid-for sophist liars who fight tooth and nail protect the 1% and their corporate buds at all costs , and secondarily screw the rest of the USA citizenry at the same time , aka “the little people” . Conservatives get absolutely zero credit for this headline , sorry Charlie.
Posted by: davem | February 4, 2012, 2:10 pm 2:10 pm
Dave; LOL!
Posted by: newcountryman | February 4, 2012, 7:05 pm 7:05 pm
Want to see the economy really recover? Fire Harry Reid…i.e take away the democratic majority in the Senate. Even more important than Obama with another presidential term.
Posted by: newcountryman | February 4, 2012, 7:09 pm 7:09 pm