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Dow Jones Soars Above 17,000 on Strong Jobs Report

The yield on 10-year Treasuries climbed three basis points to 2.66 percent.

(NEW YORK) - The Dow Jones Industrial Average climbed above 17,000 for the first time as data showed employers added more workers than projected in June and the European Central Bank disclosed details of its stimulus plans.

The Dow gained 71.09 points, or 0.4 percent, to 17,047.33 at 10:20 a.m. in New York. The Standard & Poor’s 500 Index rose 0.3 percent to a record 1,980.95.