Dow closes above 16,000 for the first time

BY newsdesk  November 21, 2013 at 4:30 PM EDT

On Thursday, the Dow Jones Industrial Average closed above 16,000 for the first time. Other indexes also rose due to economic data that showed an improving jobs market, according to Reuters.

Applications for unemployment benefits dropped last week to the lowest rate since September, close to the same level seen before the Great Recession.