Stock market hits all-time high
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Within just four years, the Dow hit another key price: 10,000. The average first touched the level on March 16, 1999. However, it took several days of choppy trading for the index to close a session above 10,000 on March 29, 1999.
The Dow Jones Industrial Average crossed 50,000 for the first time, signaling strong stock market confidence. A rising Dow may help investment-linked savings but doesn’t directly lower everyday costs.
Major stock indexes rebounded Friday, a day after equities sank amid risk-off sentiment. Still, the Nasdaq and S&P 500 were poised to register sharp weekly losses.
The Dow Jones Industrial Average surged 1,206.95 points, or 2.47%, to close at 50,115.67 — its first close above 50,000. The S&P 500 gained 1.97% to end at 6,932.30, while the Nasdaq Composite advanced 2.18% to 23,031.21.
Equity indexes were flashing warning signs. In today’s session, even dovish data failed to lift sentiment. As profits are taken and stop-losses triggered, price moves can become exaggerated.
The Dow Jones Industrial Average missed out on a stock market rally Tuesday thanks in large part to one very influential component of the 30-stock index.
With record earnings likely coming this year, investors can't get enough of this century-old industrial giant.
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