Dow Jones Industrial Average

 
The Dow Jones Industrial Average has risen 22 per cent this year. Photo: Reuters

Dow closes above 16,000 for first time

The Dow Jones Industrial Average closed above the psychological threshold of 16,000 for the first time on Thursday, extending a rally in which the gauge has added over 22 per cent this year.

The index rose 109.17 points (0.69 per cent) to a new closing high of 16,009.99.