Dow Jones closes above 14,000 - Houston weather, traffic, news | FOX 26 | MyFoxHouston

Dow Jones closes above 14,000

Posted: Updated:
NEW YORK (MYFOXNY) -

The Dow Jones industrial average closed above the 14,000 mark Friday -- for the first time since October 2007. 

After that 2007 benchmark, the stock market declined as a financial crisis rocked the world.

The stock average shot up Friday after traders saw positive signs in a mixed U.S. jobs report and strong auto sales.

The average broke 14,000 just after 10 a.m. but retreated below the milestone moments later.  It went back over the 14,000 mark again in the afternoon.

The Dow's all-time high is 14,164.53, which it reached on Oct. 9, 2007. The index has more than doubled since falling to close at low of 6,547 on March, 3, 2009.

The Dow is an index of 30 big companies. Its purpose is to represent how the broader stock market is faring. It's more a representation of how traders are feeling about the economy than the economy's underlying fundamentals, but hitting 14,000 is still considered an important psychological milestone.

The Dow has gained 6.7 percent since the start of 2013.

The Associated press contributed to this report.

  • Manhattan NewsManhattan NewsMore>>

  • Friday Night Live: July 25, 2014

    Friday Night Live: July 25, 2014

    Friday, July 25 2014 10:31 PM EDT2014-07-26 02:31:59 GMT
    This is Fox 5's Friday Night Live, a weekly celebration of the end of the work week. All summer long, the Fox 5 team brings you the latest in entertainment, nightlife, food, and music in our area. In this jam-packed episode: QuickChek New Jersey Festival of Ballooning, Stephen "Twitch" Boss, actress Mary Lynn Rajskub, and Michael Chernow and Chef Daniel Holzman of the Meatball Shop.
    This is Fox 5's Friday Night Live, a weekly celebration of the end of the work week. All summer long, the Fox 5 team brings you the latest in entertainment, nightlife, food, and music in our area. In this jam-packed episode: QuickChek New Jersey Festival of Ballooning, Stephen "Twitch" Boss, actress Mary Lynn Rajskub, and Michael Chernow and Chef Daniel Holzman of the Meatball Shop.
  • The Big Idea

    Making New York City more energy efficient

    Making New York City more energy efficient

    Friday, July 25 2014 8:45 PM EDT2014-07-26 00:45:49 GMT
    More than half the population of New York City rides public transportation to work. No other metropolis in this country even approaches that percentage or the MTA's total number of riders. For that reason, New York likely ranks as the most energy-efficient city in the nation. But what would it take to make the city even more energy-efficient or even self-sufficient?
    More than half the population of New York City rides public transportation to work. No other metropolis in this country even approaches that percentage or the MTA's total number of riders. For that reason, New York likely ranks as the most energy-efficient city in the nation. But what would it take to make the city even more energy-efficient or even self-sufficient?
  • Camping without leaving NYC (or even Manhattan)

    Camping without leaving NYC (or even Manhattan)

    Friday, July 25 2014 5:15 PM EDT2014-07-25 21:15:28 GMT
    If you thought camping meant leaving New York City, fuggedaboutit. Inwood Hill Park in Upper Manhattan and several other parks in the five boroughs are waiting for you and your family. New York City's family camping program, run by the Parks Department, is in full swing. No cars needed; your MetroCard will get you there.
    If you thought camping meant leaving New York City, fuggedaboutit. Inwood Hill Park in Upper Manhattan and several other parks in the five boroughs are waiting for you and your family. New York City's family camping program, run by the Parks Department, is in full swing. No cars needed; your MetroCard will get you there.
Powered by WorldNow

KRIV FOX 26
4261 Southwest Freeway
Houston, TX 77027

Phone: (713) 479-2801
Fax: (713) 479-2859

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices