2 Feb 2013

Dow at five year high

1:16 pm on 2 February 2013

The Dow Jones Industrial Average reached its highest level in five years on Friday, rising briefly above 14,000 points.

The rise was helped by upward revisions in jobs figures for the last two years andstrong manufacturing data.

The Dow Jones briefly went above 14,000 points for the first time since October 2007.

The index closed at 14,004, up 1.3%. The Nasdaq was up 1.16%.

In London, the FTSE 100 was up 1.12%, the DAX in Frankfurt was up 0.74% and the CAC-40 in Paris was up 1.10%.

The Dow Jones closed above 14,000 points only on nine previous occasions - all in 2007, before the financial crisis.