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January rally stretches in February

7:05 AM, Feb 4, 2013   |    comments
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NEW YORK (AP) - January rally is extending into February.

The Dow closed above 14,000 on Friday, the first time it's passed that threshold since before the financial crisis.

Strong auto sales and optimism about U.S. jobs propelled by the bluechip index to a 149 point gain, closing at 14,010. So far this year, the Dow has gained 6.9 percent.

The Standard & Poor's 500 rose 15 points on Friday to 1,513. The Nasdaq composite added 37 to 3,179.

The government jobs report that pushed stocks forward was mixed. The U.S. said it added 157,000 jobs in January, in line with expectations. But unemployment inched up to 7.9 percent.

Automakers Toyota, Ford, GM and Chrysler all reported double-digit sales gains for January.

 

 

 

 

 

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