U.S. stocks rallied, sending the Dow Jones Industrial Average above 14,000 for the first time in five years, as data on the labor market and manufacturing boosted confidence in the world’s biggest economy.
“You’re going to see this economy driven by capital being put to work,” Robert Lutts, president and chief investment officer of Cabot Money Management in Boston, which manages $500 million, said in a phone interview. “The glass is definitely more half full than empty today, and I think a lot of folks are still thinking it’s not half full. They’re wrong.”
looking beyond borders 