NEW YORK (AP) — An encouraging look at the job market helped send the stock market higher Wednesday, a day after the Dow Jones industrial average tore through its previous record high.
The Dow was up 59 points to 14,312 a half hour after the opening bell. Bank of America led the way, gaining 2 percent to $11.81.
Companies added 198,000 workers to their payrolls in February, according to payment processor ADP. The survey also revised the previous month's numbers up: employers added 23,000 more jobs in January than first reported.
In other trading, the Standard & Poor's 500 index rose four points to 1,543. The Nasdaq rose three points to 3,227.
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