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DOW 15,000!

May 3, 2013, 19:56 IST

Flickr / clydeoramaThe U.S. stock markets are open and they are surging.

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Of note is Dow Jones Industrial Average, which briefly passed 15,000 for the first time ever a few seconds ago.

Also of note is the S&P 500, which is at 1,617.

This is an all-time intraday high, and it is the first time the index has ever crossed 1,600.

The market rally comes after a strong jobs report. This morning we learned that U.S. companies added 165,000 nonfarm payrolls in April, which was much higher than the 140,000 expected by economists.

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The unemployment rate slipped to 7.5% from 7.6% a month ago. This comes as the labor force participation rate remained unchanged at 63.3%.

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