![Dow Average Closes Above 16,000 For The First Time](http://townsquare.media/site/36/files/2012/05/wall-street1.jpg?w=980&q=75)
Dow Average Closes Above 16,000 For The First Time
NEW YORK (AP) — The Dow Jones industrial average is closing above 16,000 for the first time as encouraging news on the job market pushes stocks higher.
Applications for unemployment benefits dropped last week to the lowest level since September. The number of applications is close to where it was before the Great Recession.
The Dow rose 109 points, or 0.7 percent, to 16,010 Thursday.
The Standard & Poor's 500 rose 14 points, or 0.8 percent, to 1,795. The Nasdaq composite rose 47 points, or 1.2 percent, to 3,969.
Williams-Sonoma jumped 8 percent after the company said its third-quarter net income rose as customers spent more at its West Elm and PBteen stores.
The yield on the 10-year Treasury note fell to 2.79 percent.
More From News Talk 96.5 KPEL
![Donald Trump Has Made His Vice Presidential Pick](http://townsquare.media/site/36/files/2024/07/attachment-GettyImages-2159730000.jpg?w=980&q=75)
![Man Wins $100,000 With Lottery Strategy From Watching ‘Lottery Changed My Life’](http://townsquare.media/site/33/files/2022/04/attachment-giorgio-trovato-BRl69uNXr7g-unsplash.jpg?w=980&q=75)
![Louisiana to be Prominently Featured at Republican National Convention](http://townsquare.media/site/36/files/2024/07/attachment-RNC-LOGO.jpg?w=980&q=75)
![What We Know About the 20-Year-Old Man Who Tried to Assassinate Donald Trump](http://townsquare.media/site/36/files/2024/07/attachment-GettyImages-2161922154.jpg?w=980&q=75)
![Local Officer Encountered Gunman Just Before He Shot Toward Trump at Rally](http://townsquare.media/site/36/files/2024/07/attachment-GettyImages-2161922387.jpg?w=980&q=75)
![Man Killed at Trump Rally Identified as Former Fire Chief, ‘Girl Dad’ who ‘Died a Hero’](http://townsquare.media/site/36/files/2024/07/attachment-Untitled-design-2024-07-14T144115.615.jpg?w=980&q=75)
![UPDATE: Trump Safe, Shooter Neutralized After Shots Fired at Rally](http://townsquare.media/site/36/files/2024/07/attachment-Shooting-Trump-Rally-Pennsylvania.jpg?w=980&q=75)
![Did Authorities Spot the Loch Ness Monster On a Texas Highway?](http://townsquare.media/site/36/files/2024/07/attachment-Screen-Shot-2024-07-09-at-8.07.05-AM.jpg?w=980&q=75)
![‘Birds Aren’t Real’ Movement Claim Birds Are a Government Conspiracy](http://townsquare.media/site/33/files/2021/06/attachment-Birds-Arent-Real-2.jpg?w=980&q=75)