Record Stock Closes in Abbreviated Session Kicked Off With Strong Jobs Report

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An historic day on Wall Street was ignited by another gain in new job creation, coupled with a decline in the jobless rate. The news sent the Dow Industrials through a key psychological milestone of 17,000 and inspired record highs for both the S&P 500 and Nasdaq Composite. The gains swept through all sectors, with the exception of utilities, health care and telecoms. Industrials put in the best performance as Wall Street cheered the combination of an above-consensus gain in payrolls seen not strong enough to alter Federal Reserve monetary policy.



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