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The Boston Globe

Business

Stock market’s 5-year rally hits milestone

The stock market, continuing a remarkable ascent that began in the darkness of the last recession, surged past a milestone Thursday after a strong jobs report indicated that the economy might finally be gaining steam.

The Dow Jones industrial average, which measures the share price performance of 30 blue chip companies, broke through 17,000 for the first time, closing at 17,068.26. The Standard & Poor’s 500-stock index, a broader yardstick, finished the day within striking distance of 2,000, closing at 1,985.44, also a record.

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