Dow closes at five-year high on Friday

Associated Press Published:

NEW YORK -- The Dow closed above 14,000 on Friday for the first time in more than five years.

It was just a number on a board, but it was enough to raise the hopes of some investors and cause others concern about an overheated market.

The Dow Jones industrial average, a stock market index that is traditionally considered a benchmark for how the entire market is faring, had been rising fairly steadily.

On Friday, strong auto sales and optimism about U.S. job growth pushed it over the mark. The Dow is now just 155 points away from its record close. The last time the Dow closed above 14,0000 was Oct. 12, 2007.

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