Connect to share and comment
The Dow Jones Industrial Average nudged a record 14,300 points in early trade after the release of upbeat private sector jobs data.
The Dow Jones Industrial Average pushed further into record territory on Wednesday after a strong increase in private sector hiring in February.
Most markets around the world were trading in positive territory following the Dow’s record-breaking performance and upbeat data showing hiring by US companies almost touched 200,000 in February, USA Today reported.
Automatic Data Processing Inc. reported businesses added a robust 198,000 jobs last month, MarketWatch reported.
ADP also revised up its January jobs figures.
The Associated Press reported the Dow has more than doubled since falling to a low of 6,547 in March 2009 in the wake of the financial crisis, which precipitated the worst recession in decades.
Investor appetite for shares has been fueled by the Federal Reserve’s massive asset-buying program and stronger corporate earnings.
More from GlobalPost: Competitive edge will sustain US economic advantage in 2025