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.
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 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.
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.
The Dow Jones Industrial Average soared well past the 50,000 mark for the first time ever on Friday as Wall Street bounced back from losses across the technology sector taken earlier in the week. The blue-chip index surged 1,206.95 points, or 2.5% to close at 50,115.67.
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.
US stock market crashes again today, Jan. 30. Dow, S&P 500, Nasdaq all in red. Gold and silver prices also down. The Dow Jones Industrial Average dropped 139.16 points to 48,932.40. Markets fell as President Trump nominated Kevin Warsh for Fed Chair.
Major stock indexes closed sharply lower and bitcoin plunged to near $62,000 Thursday amid broad risk-off sentiment, as investors weighed the latest Big Tech earnings and downbeat labor data.
With record earnings likely coming this year, investors can't get enough of this century-old industrial giant.
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