Dow Jones Industrial Average exceeds 50,000 for 1st time
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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.
Since the Dow hit 40000 for the first time nearly two years ago, the index has grown heavier in financial stocks and trimmed back its exposure to the health-care sector. Much of this is due to the recent outperformance of financial stocks like Goldman Sachs and JPMorgan,
The Dow Jones Industrial Average just closed above 50,000 for the first time in its near 130-year history. Read more here.
A market surge propelled the Dow to a new record high.
With the Dow Jones industrials crossing above 50000 for the first time, below is a look at how The Wall Street Journal has covered the blue-chip index’s past milestones over the decades. Coverage has varied in tone.
The Dow Jones Industrial Average was soaring to a fresh intraday high in early afternoon trading, with Nvidia Corp. posting the largest gain in the blue-chip stock index. The Dow was gaining 1,043 points,