NEW YORK: The Dow industrials could hit 11,000 this week as investors bet the US labour market had a significant turnaround in March, showing the economic recovery is in good shape.
The Dow and the S&P 500 stock indexes are at their highest in nearly 18 months and the expected repositioning before Wednesday’s end of the quarter could provide further support. With the Dow closing above 10,850 on Friday, it would need to rise 1.4% – or a tad less than 150 points – to reach 11,000 level.
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