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Dow closes above 14,000 for first time since Oct. 2007

By The Associated Press

This article was published February 1, 2013 at 4:12 p.m.

— 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. And it brought reminders of a different era, back before the financial crisis rocked the world economy.

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 for about a month. 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.

Read more on this story in Saturday's Arkansas Democrat-Gazette.

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