Higher wages push stocks to records, but Dow misses 20,000 mark
The Dow Jones industrial average missed the 20,000 mark by a fraction of a point on Friday as US stock indexes rose after the government said wages jumped in December, but two other major indexes set records.
Stocks wavered between gains and losses in the morning after the December jobs report, which showed less hiring than analysts hoped to see. Bond yields rose sharply, as the continued job gains should encourage the Federal Reserve to keep raising interest rates.
