Nasdaq Composite to an 11-year high
Stocks rose after the U.S. economy added more jobs than expected last month, driving the Nasdaq Composite to an 11-year high and pushing the Dow to its highest reading in almost four years.
The Dow Jones Industrial Average advanced 154 points, or 1.2%, to 12859, its highest close since May 2008. The Standard & Poor’s 500-stock index tacked on 19 points, or 1.5%, to 1345, for its fifth straight weekly gain.
The technology-oriented Nasdaq Composite Index gained 46 points, or 1.6%, to 2906, its highest level since December 2000. The Nasdaq is off to its best start to the year since 1991, up 12%.
a bit of facebook fever has helped send it up but this is where we are..the worlds economies sit on a knife egde and the nasdaq goes to highs..once again another reason why the markets are not indicative of economic conditions..