Dow Hits 17,000 Milestone On Jobs Report To Muted Reaction

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Dow Hits 17,000 Milestone On Jobs Report To Muted Reaction

Dow Hits 17,000 Milestone On Jobs Report To Muted Reaction
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Dow Hits 17,000 Milestone On Jobs Report To Muted Reaction

by TheStreet

The Dow finally hit the 17,000 mark at the open today, after flirting with the milestone for the past two sessions. Good news from the jobs front gave stocks a nudge higher but traders appeared cautious given speculation this new data will give the Federal Reserve reason to raise interest rates sooner than expected. The much anticipated Jobs Report from the Labor Department showed U.S. companies created 288-thousand jobs in June. That's more than previously estimated. The unemployment rate also beat expectations falling to 6.1%. Professional and Business Services led the pace, adding 67,000 positions. TheStreet's Susannah Lee reports from Wall Street.

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