Dow Rallies to Pre-Recession Levels: McDonald's Leads Since May 2008
U.S. stocks rallied Friday, following a stronger-than-expected jobs report, showing the unemployment rate fell to 8.3 percent -- its lowest level since February 2009.
The Dow Jones Industrial Average finished the session at its highest level since May 19, 2008, while the NASDAQ Composite settled at an 11-year high.
Similary, the S&P 500 index closed at its highest level since July 2011.
For the NASDAQ and the S&P 500, it was the fifth-consecutive week of gains. During this period, both indices are up 11.5 percent and 6.9 percent, respectively.
In fact, it has been the best five-week streak for the NASDAQ since April 2009, when the tech-heavy index rose 16 percent.
Within the Dow, McDonald's is the top performing stock since May 2008, up 65 percent, followed by Home Depot, up 56.5 percent. On the contrary, Bank of America is the worst performing stock, down 78 percent.
Additionally, nearly half of the Dow components have managed to post a gain in the past three and a half years.
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