Dow Closes Above 16,000 for First Time

November 23 2013 The Dow Jones industrial average reached a record close Thursday, gaining 109 points to end trading at 16,010. The Nasdaq c...


November 23 2013

The Dow Jones industrial average reached a record close Thursday, gaining 109 points to end trading at 16,010. The Nasdaq composite gained 48 points to 3,969. The Standard & Poor's 500 index rose 14 points to 1,795, just shy of the 1,800 milestone it briefly hit earlier in the week. That index is heading for what could be its biggest annual gain in a decade, making investors wary of pushing stocks higher. The number of Americans applying for unemployment benefits fell to the lowest since September.

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