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The Dow industrials closed above 16,000 for the first time on Thursday as stocks rebounded from three days of weakness, after economic data pointed to a slowly improving labor market and subdued inflation.
The Dow Jones industrial average shot up 109.17 points, or 0.69 percent, to close at a record 16,009.99. The Standard & Poor’s 500 Index gained 14.48 points, or 0.81 percent, to finish at 1,795.85. The Nasdaq Composite Index climbed 47.89 points, or 1.22 percent, to end at 3,969.16.
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