You can now read 10 articles in a month for free on BostonGlobe.com. Read as much as you want anywhere and anytime for just 99¢.

The Boston Globe

Business

Auto sales, jobs push Dow over milestone

Continue reading below

The Dow closed above 14,000 for the first time in over five years on strong auto sales and optimism about US jobs. The index is just 155 points away from its highest close ever. But market watchers were divided over what the mark really means. To some, it’s an important psychological booster, making investors feel optimistic. But to others, it’s just a number, a sign more of how traders feel than of the economy. Drug maker Merck fell as fourth-quarter profit suffered because of competition from generic medicines against its blockbuster allergy drug Singulair. And Zoetis, an animal health business that Pfizer just spun off, rose 19 percent on its debut.

Loading comments...

You have reached the limit of 10 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week