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Dow ends over 14,000 first time since 2007

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NEW YORK, Feb 1 AFP

February 02 2013, 08:27AM

US stocks rallied sharply on Friday, with the Dow industrials closing above 14,000 for the first time since 2007 following a positive US jobs report.

At the closing bell, the Dow Jones Industrial Average stood at 14,009.79, up 149.21 points (1.08 per cent).

The broad-based S&P 500 finished at 1,513.17, up 15.06 (1.01) per cent.

The tech-heavy Nasdaq Composite jumped 36.97 points (1.18 per cent) to 3,179.10.

The Dow breakthrough of the 14,000 barrier followed a January US monthly jobs report that catalysed markets.

The report showed employers added 157,000 jobs in January, fewer than expected.

But revised data for all of 2012 heartened markets, with net job growth at an average of 181,000 a month, up from a prior estimate of 153,000.

The all-time Dow closing high was 14,164.53 on October 9, 2007.