The Dow Jones Industrial Average jumped past 25000 for the first time Thursday, on pace to notch the fastest run to a fresh 1,000-point milestone in history.
The blue-chip index, which heavily weights industrial giants such as Boeing Co. and Caterpillar Inc., was recently up 153 points, or 0.6%, at 25075. If the Dow industrials close above 25000, the jump from 24000 would have taken 23 trading days, ahead of the 24-day spans that took the index to 11000 in 1999 and 21000 in March.
The S&P 500 climbed 0.5% and the Nasdaq Composite added 0.2%.
Thursday’s moves marked the latest feat for a rally that has repeatedly wrong-footed skeptics and sent stock indexes around the world to multiyear highs. The Dow industrials hit five thousand-point milestones last year, the most such records in its 120 years.
Dow Industrials Cross 25000 for First Time
- by: Corrie Driebusch, Michael Wursthorn and Georgi Kantchev
- 01-04-2018
- Source:
The Wall Street Journal
- 04/09/2021