May 3, 2013 11:08 am

Dow breaks 15,000 for the first time

A file photo of a trader working on the floor of the New York Stock Exchange at the end of the trading day in New York City. The Dow Jones industrial average broke through 15,000 for the first time May 3, 2013.

Spencer Platt/Getty Images

TORONTO – The Dow Jones industrials broke through 15,000 for the first time, boosted by a surprise improvement in the U.S. jobless rate.

The U.S. Labour Department says employers added 165,000 jobs in April, while both February and March numbers were also better than first thought.

The gains trimmed the U.S. unemployment rate to a four-year low of 7.5 per cent.

On Wall Street, the Dow was up 172.74 points at 15,005.32, a gain of 1.2 per cent. Meanwhile, the S&P 500 index surged 19.57 points, or 1.2 per cent, to 1,617.16.

In Toronto, the S&P/TSX composite index was 142.76 points higher at 12,522.40.

The Canadian dollar was down 0.05 of a cent at 99.13 cents US.

© 2013 The Canadian Press

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