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Dow Jones industrial average crosses 15,000 for first time

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The yield on the benchmark 10-year Treasury note jumped from its lowest level of the year, as traders moved money out of the safety of government bonds. The yield rose to 1.74 percent from 1.63 percent late Thursday.

Among other stocks making big moves on Friday:

At a glance

Milestones for the Standard & Poor’s 500 index

The Standard & Poor’s 500 index broke through 1,600 Friday for the first time. It’s been thirteen years since the S&P first closed above 1,500 points, which occurred toward the end of the dot-com bubble in March 2000.

Here’s a look at the previous times that the S&P 500 index, a broad measure of large-company stocks, first closed above round-number levels, measured in increments of 100 points.

First close above » Date

1,500 » Mar. 22, 2000

1,400 » July 9, 1999

1,300 » Mar. 15, 1999

1,200 » Dec. 21, 1998

1,100 » Mar. 24, 1998

1,000 » Feb. 2, 1998

900 » July 2, 1997

800 » Feb. 12, 1997

700 » Oct. 4, 1996

600 » Nov. 17, 1995

500 » Mar. 24, 1995

400 » Dec. 26, 1991

300 » Mar. 23, 1987

200 » Nov. 21, 1985

100 » June 4, 1968

Source: S&P Dow Jones Indices

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— Gilead Sciences jumped $2.92 to $55.11, a gain of 6 percent, one of the biggest gains in the S&P 500 index. The maker of HIV drugs reported a 63 percent surge in income in the first quarter thanks to lower costs and increased sales.

— Kraft Foods rose $2.58 to $53.11, an increase of 5 percent. The food maker reported first-quarter income and revenue that beat the forecasts of Wall Street analysts as it increased sales and cut costs following its split from its global snack business.

— LinkedIn, the professional networking social media site, sank 13 percent, losing $26.63, to $175.14. The company issued a revenue forecast for the rest of the year that was well below what financial analysts were expecting. LinkedIn went public in May 2011 at $45 a share.


Business Writer Matthew Craft contributed to this story.

Copyright 2014 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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