A batch of good news on the economy Wednesday pushed the stock market to new highs. Payroll processer ADP said that U.S. companies added 208,000 jobs in November, the third straight month that hiring has topped 200,000. A separate report showed that service sector activity climbed close to an eight-month high in November.
The Dow Jones industrial average gained 33.07 points, or 0.4 per cent, to 17,912.62.
The Standard & Poor’s 500 index rose 7.78 points, or 0.4 per cent, to 2,074.33.
The Nasdaq composite gained 18.66 points, or 0.4 per cent, to 4,774.47.
For the week:
The Dow is up 84.38, or 0.5 per cent.
The S&P 500 is down 6.77, or 0.3 per cent.
The Nasdaq is down 17.16, or 0.4 per cent.
For the year:
The Dow is up 1,335.96 points, or 8.1 per cent.
The S&P 500 index is up 225.97 points, or 12.2 per cent.
The Nasdaq is up 597.88 points, or 14.3 per cent.
