You choose, we deliver
If you are interested in this story, you might be interested in others from The Journal Gazette. Go to www.journalgazette.net/newsletter and pick the subjects you care most about. We'll deliver your customized daily news report at 3 a.m. Fort Wayne time, right to your email.

Business

  • Downtown banking to grow
    Another bank is opening teller lines in downtown Fort Wayne.First Financial Bank and city officials have scheduled an announcement for 10 a.m. today in the Courthouse Green across from the Anthon ...
  • Lincoln earnings rise 26%
    Lincoln National Corp. on Wednesday reported sec­ond-quarter earnings of $398 million, or $1.48 per diluted common share, a 26 percent increase from the $317 million, or $1.15 a sh ...
  • Economy rebounds with fast 4% growth
    WASHINGTON – The U.S. economy has rebounded with vigor from a grim start to 2014 and should show renewed strength into next year.That was the general view of analysts Wed­nesday after the g ...
Advertisement

Dow closes above 14,000

NEW YORK – The Dow stock market index closed above 14,000 for the first time since before the financial crisis rocked the world economy.

Propelled by strong auto sales and optimism about U.S. jobs, the Dow Jones industrial average crossed the line early Friday and continued flirting with the mark all day. The other major stock indexes also rose.

The Dow was up 149 points to 14,010. It’s gained 6.9 percent this year. The Standard & Poor’s 500 rose 15 to 1,513. The Nasdaq composite index added 37 to 3,179.

The government jobs report that pushed stocks forward was mixed. The U.S. said it added 157,000 jobs in January, in line with expectations. But unemployment inched up to 7.9 percent.

Automakers Toyota, Ford, GM and Chrysler all reported double-digit sales gains for January.

Advertisement