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Dow breaks above 25,000 for the first time

A more comprehensive non-farm payrolls report on Friday is expected to show the economy added 190,000 jobs in December, down from the 228,000 additions in Nov

Traders work on the floor of the New York Stock Exchange shortly after the opening bell in New York. Photo: Reuters
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Traders work on the floor of the New York Stock Exchange shortly after the opening bell in New York. Photo: Reuters

Reuters
The Dow Jones Industrial Average sailed past the 25,000-mark for the first time on Thursday, while other major indexes rose to new highs after a strong private jobs report added to a bullish sentiment from indications of robust growth in major economies.

The ADP National Employment Report showed that US private employers added 250,000 jobs in December, marking the biggest monthly increase since March, and much above the 190,000 job additions forecast by economists polled by Reuters.

A more comprehensive non-farm payrolls report on Friday is expected to show the economy added 190,000 jobs in December, down from the 228,000 additions