Wall Street reaches new record
Published June 1st, 2007
Reassuring employment data helped the Dow Jones Industrial Index to end at a record for the 26th time this year.
The index rose 40.47 points to close at 13,668.11, buoyed by figures showing the biggest jobs growth in the US for two months.
The good news also helped the broader Standard & Poor’s 500 index end 5.72 points higher at 1,536.34 - breaking records set in the tech boom of 2000.
Elsewhere takeover activity also helped drive shares higher.
“The current rebound in economic activity continues to challenge arguments that the housing downturn is poised to overwhelm the expansion,” said Robert DiClemente at Citigroup.
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