The Dow Jones saw modest levels of growth on Monday (March 11th) but still ended the day on a fresh record high after some gains forced the index up.
It was up 50.22 points at the end of the day's trading, or 0.35 per cent, to close at 14,447.29.
The Dow has now seen gains of more than ten per cent over the course of the year so far, with recent better-than-expected jobs data boosting the market. February saw 236,000 jobs added to the economy in total, which was a lot higher than some analysts had anticipated.
Peter Kenny, managing director at Knight Capital in Jersey City, New Jersey, was quoted as saying by Reuters that the market has a "soft floor".
"These dips are consistently bought," he told the news provider.
On the back of the jobs data, Joseph Trevisani, chief market strategist at Worldwidemarkets, told BBC News that there is "unmistakable" progress being made in the US economy.
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