Financial advisers watched the Dow climb to record heights after a promising jobs report was released by the government.

Troy Tremblay, of Tremblay Financial Services, said it comes down to consumer confidence. 

The Dow closed above 17,000 wiping out losses suffered during and after the October 2008 stock market crash,

Henry Dubroff, chairman and editor  of Pacific Coast Business Times, said 17,000 is just a number, but he said it will have a psychological effect that is likely to lead to increased spending by consumers visiting and living along the central coast.