Dow Jones tops 14,000 for first time since 2007 - FOX 35 News Orlando

Dow Jones tops 14,000 for first time since 2007

The Dow Jones industrial average hit the 14,000 mark Friday morning, the first time the stock market benchmark hit that milestone since October 2007.

The average broke 14,000 just after 10 a.m. but retreated below the milestone moments later.

The stock average shot about 135 points higher Friday morning after traders saw positive signs in a mixed U.S. jobs report.

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, and 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.

The Associated press contributed to this report.

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