Stock market close, Aug. 8, 2014: The DJIA and other U.S. markets soared on Friday after positive economic data indicated fundamental growth in the domestic economy. According to reports, American workers were highly productive in the second quarter, while labor costs were on the rise. The news is a welcome change from the slew of negative data that rocked the first quarter.
The production rise offset continued concerns about escalating geopolitical concerns in Ukraine and news that U.S. forces have been authorized by the president to bomb regions of Iraq held by ISIS militants.
Here's the scorecard from today's trading session:
DOW: 16,554.57 (+1.14%) NASDAQ: 4,371.05 (+0.83%) S&P 500: 1,931.59 (+1.15%)
And here are the top stories from the stock market today:
Now our experts share some of the most important investment moves to make based on today's market trading - for Money Morning Members only: