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14,000: Why the Dow Gained 150 Points Today

John Divine
February 1, 2013

The bulls were out in force on Wall Street Friday, impressed by positive trends in the labor market. Not only did payrolls rise by 157,000 in January, but November's payroll gains were revised more than 50% higher, from 161,000, to 247,000. That's quite the upwards revision, and you can't blame investors for sending the Dow Jones Industrial Average (INDEX: ^DJI) to multi-year highs, as it soared 149 points, or 1.08%, to 14,009. 

As one of the more volatile stocks in the index, shares of Bank of America (NYSE: BAC) rocketed 3.4% higher, on the strong macroeconomic news. Positively trending employment figures me