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The Boston Globe

Business

Job growth fuels Wall Street rally

The Dow Jones industrial average closed above 14,000 for the first time in more than five years, propelled Friday by reports of a steadily improving job market.

That gain came on the heels of a report by the Labor Department that said the US economy added 335,000 more jobs last year than first estimated. The rosier picture helped spur a rally on Wall Street, pushing the Dow Jones industrial average up 149 points to close at 14,009.79, capping five straight weeks of gains. It was the highest close since October 2007.

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