mostlycloudy
Sunday July 5th, 2015 5:06PM

Dow closes above 11,000 for first time since May

By The Associated Press
NEW YORK - The Dow Jones industrial average is closing above 11,000 for the first time in five months as hopes build that the Federal Reserve will take more action to get the economy going again.

A weaker jobs report early Friday added to a series of tepid economic indicators in recent weeks that have added to expectations that the Fed will announce new steps to encourage borrowing when it meets in early November.

According to preliminary calculations, the Dow is closing up 58, or 0.5 percent, at 11,006.

The S&P 500 index gained 7, or 0.6 percent, to 1,165, and the Nasdaq gained 18, or 0.8 percent, to 2,402.

About three stocks rose for every two that fell on the New York Stock Exchange, where volume came to 945 million shares.

(Copyright 2010 by The Associated Press. All Rights Reserved.)
  • Associated Categories: Homepage, Business News
© Copyright 2015 AccessWDUN.com
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
About those numbers painted on the road...
People traveling through the Browns Bridge Road/McEver Road intersection west of Gainesville recently may have wondered about those numbers painted on the pavement.
10:52AM ( 4 years ago )
WikiLeaks show US frustrated with Egypt military
Egypt's military, the biggest recipient of U.S. military aid after Israel, is in decline, according to American diplomats, who blame the Arab nation's top brass for failing to modernize and adapt to deal with new threats.
7:21AM ( 4 years ago )
Meat labels to include calories starting in 2012
The Agriculture Department will require many meat labels to include the number of calories and other nutritional information starting in 2012 so that consumers can make healthier decisions about what they eat.
1:32PM ( 4 years ago )
Business News
Greeks reject demands for more austerity in key referendum
ATHENS, Greece (AP) — Voters in Greece resoundingly rejected creditors' demands for more austerity in return for rescue loans Sunday, backing Prime Minister Alexis Tsipras, who insisted the vote would...
4:46PM ( 19 minutes ago )
Stormy weather possible this afternoon
Mother Nature may put on her own fireworks show this afternoon and tonight across Georgia.
12:00PM ( 5 hours ago )
Hall Co. officials: no reported injuries from fireworks
Now that the proverbial dust has settled on another Fourth of July holiday, authorities in Hall County say it was a relatively quiet one, even with the advent of new consumer fireworks.
9:34AM ( 7 hours ago )
Suwanee to hold open house to discuss downtown master plan
Suwanee officials will host an open house Thursday, July 9, to give citizens an update on the city's Downtown Master Plan.
8:31AM ( 8 hours ago )
Early voting continues in Flowery Branch, Forsyth Co.
Early voting for July 14 runoff elections continues through Friday in Flowery Branch and Forsyth County.
6:28AM ( 10 hours ago )