A strengthening u. S. Economy. For the First Time Ever the dow industrial average broke through the 17,000 milestone after news the economy added more workers, pushing the jobless rate to the lowest level in nearly six years. Employers added 288,000 jobs last month, the fifth straight monthly gain of more than 200,000 sending the Unemployment Rate this time around to just 6. 1 . Average wages are rising by 6 cents an hour. With the markets closing at 1 00 p. M. Eastern time ahead of the july 4th holiday, investors rallied. The dow was up 92 points at the close, a new record high of 17,068. The nasdaq closing at a 14year high and s p added ten. Thats also a new alltime high for the index. We have two reports tonight. Bob tells us about the dow reaching the 17,000 mark, and what it means for investors and the economy, but we begin with Hampton Pearson and a closer look at the june jobs report. Reporter junes robust employment gains are the latest evidence of a job market gaining momentum
Elst month, the fifth straight monthly gain of more than 200,000 sending cents an hour. With the p. M. July 4th holiday,clos a new rec 17,068. The nasdaq closing at a 14year new alltime high for the index. We have two reports tonight. Bob tells us about the dow reaching the 17,000 mark, and what it means for investors and the begin withr look at the june jobs report. Reporter junes robust employment gains are the latest evidence of a j market gaining stveraged 272,000 three months andained 2. Llun w spread with profe retail trade, h rs and h care with manufacturing all tndce day, presidenobam point. We just got a jobs report today showing tha seen the job growth in the United States in the first half of the year since 1999. [ applause ] so this is also the first time weve seen five consecutive months of job growth over 200,000 since 1999. [ applause ] and weve seen the quickest drop in unemployment in 30 years. The Unemployment Rate now at 6. 1 is the lowest since the 2008 financial cr
Hit 52. 70 on wti. The ten year continues to slide below 2. 18 this morning. Our road map begins with oil. 5 1 2 year lows. More details from the planned shake shack ipo. Why the strongest growth may not be where you think. The latest caseshiller report. Youll see it flashing at the bottom of the screen. Well speak with Robert Shiller about what he thinks 2015 will bring to housing. You can see futures are off premarket. Crude continuing to fall. It all began with that selloff midday yesterday. Albeit on light volume. Unbelievable whats happened to crude. You thought some of the worst was over. It clearly isnt. Russias gdp down in november for the first time in five years. Its beginning to have more and more spillover effects. The ruble is up today. Thats something positive. Almost down 8 yesterday. Down 44 for the year of 2014. Its been a brutal year for russia. The u. S. Is where its at and continues to be. 53rd record close . Heading for a third year of gains for the s p 500. Double
Forth. Look at oil, brent down and look at west texas, down. Major historic lows on a 2 slide in oil. Theres the euro dollar trade. The euro and the dollar inching ever closer though the year row is euro rowe is up. Sara iverson is in. Hi sara. Hi. The british, german and french markets all up nicely. Lets bring in bob pisani. Whats up . Normally we have that kneejerk reaction. Thats not happening today. Lets take a look at the s p 500. This is pretty strong rally that weve seen. It helps to have euro weaker euro strongering dollar weaker. This is one of the rare days. Thats helping here in the United States. We take a look at europe though. That kneejerk reaction. Youd think theyd sell off europe. Another high for germany. That didnt really happen. Obviously when you have q. E. Occurring that trumps everything. As for the stocks here in the United States, look at the dow movers slightly the expensive tone. Youve got United Health and stocks leading overall. Still pretty good. Far more
The session are end the trading week. We saw the stocks open higher but they are struggling at this hour. The averages are holding on to small gains for the week. The dow and the s p up three of the last four. Utilities are leading and financials and texts are lower. The old adage is sell in may and go. It doesnt appear to be working this time around. We are halfway through. Stocks hitting new highs. The dow and nasdaq up 2 and the s p up 1. 5 and closing at record highs. What could stop it . Dominic takes a closer look. All of the talk is about whats happening. We are a stones throw away from record highs. You look at the chart and see why the bulls and bears are having a healthy debate. The up trend we are seeing is running into a bit of resistance this year to date. We talked to the experts and the strategists on wall street and we wanted to see what they had to say about what could derail this rally. Weakness in profit could derail things. We managed to see a gain all be it small t