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Keep your eyes on Wall Street as the Dow hit a level never seen before and why Lululemon's sheer yoga pants are back in the news. Here's the Friday Bloomberg After The Bell Report from the New York Stock Exchange.
All eyes were on Wall Street today as the Dow Jones industrial average briefly reached 15,000 for the first time ever, but by the closing bell falling below that level.
Pushing the market higher was the jobs market, which picked up more than forecast in April and the jobless rate unexpectedly declined to a four-year low of 7.5 percent.
Lululemon was sued by a shareholder who is demanding records about the yoga-maker's decision to increase executive bonuses just before it recalled shipments of women's pants for being too sheer. That recall may cost the company $60 million.
With the housing market in recovery a big question is, is it better to buy or rent a home? According to Bloomberg research, the historically low interest rates coupled with relatively low home prices makes owning a home more affordable than renting, especially since apartment rents have risen 20 percent since the first three months of 2010.