The Dow Jones industrial average closed above 10,700 for the first time in 15 months Thursday as investors bet that the corporate earnings season would overcome a rocky start.
Investors are becoming accustomed to seeing jagged indicators on the economy. However, many analysts believe that there will need to be a meaningful pickup in job creation if a 10-month stock rally is to continue.
The Dow rose 29.78 points, or 0.28 percent, to 10,710.55, its highest close since Oct. 1, 2008. The Standard & Poor's 500 index rose 2.78, or 0.24 percent, to 1,148.46, and the Nasdaq composite index rose 8.84, or 0.38 percent, to 2,316.74. - AP