The Dow Jones industrial average closed above the 14,000 mark Friday -- for the first time since October 2007.
After that 2007 benchmark, the stock market declined as a financial crisis rocked the world.
The stock average shot up Friday after traders saw positive signs in a mixed U.S. jobs report and strong auto sales.
The average broke 14,000 just after 10 a.m. but retreated below the milestone moments later. It went back over the 14,000 mark again in the afternoon.
The Dow's all-time high is 14,164.53, which it reached on Oct. 9, 2007. The index has more than doubled since falling to close at low of 6,547 on March, 3, 2009.
The Dow is an index of 30 big companies. Its purpose is to represent how the broader stock market is faring. It's more a representation of how traders are feeling about the economy than the economy's underlying fundamentals, but hitting 14,000 is still considered an important psychological milestone.
The Dow has gained 6.7 percent since the start of 2013.
Saturday, May 18 2013 6:11 PM EDT2013-05-18 22:11:43 GMT
Police says a gay man was shot and killed in Greenwich Village after a man with a gun shouted homophobic slurs at him early Saturday morning. According to authorities, the 32-year-old victim was shot
Police says a gay man was shot and killed in Greenwich Village after a man with a gun shouted homophobic slurs at him early Saturday morning. According to authorities, the 32-year-old victim was shot
Friday, May 17 2013 5:54 PM EDT2013-05-17 21:54:45 GMT
The big game will be played in New Jersey but the big party will be in New York City. Organizers call it "Super Bowl Boulevard."
The big game will be played in New Jersey but the big party will be in New York City. Organizers call it "Super Bowl Boulevard": it will stretch from 44th Street on Broadway all the way to 34th Street.
Friday, May 17 2013 8:21 AM EDT2013-05-17 12:21:42 GMT
A new photo exhibit at an art gallery in Chelsea is drawing the ire of residents who are the artist's subjects, unknowingly.
A new photo exhibit at an art gallery in Chelsea is drawing the ire of residents who are the artist's subjects, unknowingly. The artist, Arne Svenson, is reportedly taking the photos through their TriBeCa building windows. In some photos, the residents are bending over, sleeping and cleaning.
Thursday, May 16 2013 6:06 PM EDT2013-05-16 22:06:34 GMT
A smuggling ring that made a fortune selling more than a million cartons of untaxed cigarettes in New York may have funneled some of the illicit proceeds to terrorist groups, authorities said.
A smuggling ring that made a fortune selling more than a million cartons of untaxed cigarettes in New York may have funneled some of the illicit proceeds to terrorist groups, authorities said.
Thursday, May 16 2013 1:36 PM EDT2013-05-16 17:36:00 GMT
A water taxi struck a dock at Pier A and Battery Park Place in Manhattan on Thursday, according to FDNY officials. Two people suffered minor injuries. They refused medical attention.
A water taxi struck a dock at Pier A and Battery Park Place in Manhattan on Thursday, according to FDNY officials. Two people suffered minor injuries. They refused medical attention.
Thursday, May 16 2013 1:17 PM EDT2013-05-16 17:17:42 GMT
Several New York lawmakers are sounding the alarm about security and safety lapses at day care centers across New York City.
Several New York lawmakers are sounding the alarm about security and safety lapses at day care centers across New York City. In a report released Thursday, dozens of daycares cited by the Dept. of Health for serious and critical health code violations since 2010, have not fixed the problems and continue to operate without penalty.
Wednesday, May 15 2013 11:08 PM EDT2013-05-16 03:08:35 GMT
A judge in Manhattan put the brakes on the so-called Taxi of Tomorrow because the Nissan-built minivan does not come in a hybrid version -- a violation of the city code.
A judge in Manhattan put the brakes on the so-called Taxi of Tomorrow because the Nissan-built minivan does not come in a hybrid version -- a violation of the city code.
