U.S. Stocks Rally as Dow Climbs Above 14,000 on Jobs Data

U.S. stocks rallied, sending the Dow Jones Industrial Average above 14,000 for the first time in five years, as data on the labor market and manufacturing boosted confidence in the world’s biggest economy.

All 10 industry groups in the Standard & Poor’s 500 Index advanced. Financial shares climbed 1.4 percent as Bank of America Corp. rallied 3.5 percent. Tyson Foods Inc. gained 3.1 percent after profits topped forecasts. Zoetis Inc., the animal-health company owned by Pfizer Inc., surged 19 percent in its debut. Merck & Co. slipped 3.3 percent after forecasting a drop in profit this year.