Oct 8, 2010 4:41 PM by Associated Press

Dow closes above 11,000 for first time since May

The Dow Jones industrial average closed above 11,000 for the first time in five months as hopes build that the Federal Reserve will take more action to get the economy going again.

A weaker jobs report early Friday added to a series of tepid economic indicators in recent weeks that have added to expectations that the Fed will announce new steps to encourage borrowing when it meets in early November.


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