The Dow Jones Industrial Average closed above 17,000 for the first time in history in a shortened session on July 3, 2014. The average flirted with the historical mark for the past week but finally broke the barrier following a job report that included 288,000 new jobs (the fifth straight month of gains greater than 200,000) and the lowering of the unemployment rate to 6.1% from 6.3%.

According to an article by The Wall Street Journal, traders continue to monitor future actions by the Federal Reserve as part of the ongoing interest rate proces...


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