Stock market rally continues...Oil and gas prices climb...BofA online banking website down

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Associated Press

Posted on February 1, 2013 at 6:02 PM

NEW YORK (AP) — The Dow has closed above the 14,000 level for the first time since the Great Recession. The blue chip index leapt 149 points today on news of strong January auto sales and a strengthening jobs market. The broader indexes also jumped more than one percent, with the S&P adding 15 points to 1,513 and the Nasdaq picking up 37 to 3,179.

NEW YORK (AP) — Commuters and day-trippers may be doing a double-take at the gas station after the biggest one-day pop in pump prices in nearly two years. Triple A says the nationwide average price for a gallon of gas jumped 4 cents overnight to $3.46 a gallon. Meanwhile, oil rose today as traders took their cue from the soaring stock market. Benchmark crude for March delivery rose 28 cents to finish at $97.77 a barrel on the New York Mercantile Exchange.

WASHINGTON (AP) — The U.S. economy added 157,000 jobs last month, despite Washington's budget standoffs and potentially deep spending cuts. Today's report from the Labor Department also shows hiring was more robust than previously thought at the end of 2012. Still, the unemployment rate remains persistently high at 7.9 percent, ticking up from 7.8 percent in December.

WASHINGTON (AP) —Americans appear to be feeling better about the economy. The University of Michigan's final January survey of consumer sentiment rose to 73.8. That's a slight improvement over December and suggests the improving job market may be offsetting the impact of an increase in Social Security taxes.

NEW YORK (AP) — Bank of America says its online banking website has crashed, leaving customers unable to access their accounts. From late this morning, customers trying to log on have seen a message that says the site is "temporarily unavailable." Bank of America, the second-largest U.S. bank by assets, says it's working on the problem, but won't elaborate on what caused the outage.

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