The Dow rose 138 points, or 0.4%, ending the day at 38,001.81. The S&P 500 gained 0.2% and the Nasdaq Composite added 0.3%.
The S&P 500 also closed at an all-time high, reaching 4,850.43.
Year-end price targets for the Dow range from from 34,000 to 45,000, according to Capex.
The S&P 500 on Friday entered bull market territory, rallying more than 20% off its lows and hitting a new record.
Elsewhere, Macy shares added 3.6% after the company over the weekend rejected a $5.8 billion bid from Arkhouse Management and partner Brigade Capital Management to take the company private.
Spirit Airlines shares popped 19.5% after the company and JetBlue on Friday filed an appeal of the ruling blocking their planned merger. JetBlue shares gained 0.2%.
Archer-Daniels-Midland shares slid 24.2% after the company placed its chief executive on leave and trimmed its earnings forecast after launching a probe into its accounting practices.
, with the Dow crossing the 38,000 mark for the first time ever. The Dow rose 138 points, or 0.4%, ending the day at 38,001.81. The S&P 500 gained 0.2% and the Nasdaq Composite added 0.3%.
The index ended the session right above the marker at 38,0001.81. NEW YORK -- The Dow Jones Industrial Average closed above 38,000 for the first time ever on Monday, setting a record high and capping a steady rise that stretches back to last week. The S&P 500 also reached a record high, closing at about 4,850.
Wall Street advanced into uncharted territory on Thursday, with the Dow Jones Industrial Average topping 40,000 for the first time after a blowout earnings report from Walmart cast a positive light on the U.S. economy.
Big, round-number milestones can attract attention to a market rally. Indeed, it's hard to overstate the hype that accompanied the Dow's first-ever push above the 10,000 level on March 29, 1999.
The Dow posted its all-time high during intraday trading on May 16, 2024, reaching a peak of 40,051.05 points. The highest close occurred the day before when the index closed at 39,908.00 points. The peak was led in part by optimism that the Federal Reserve could cut interest rates later this year.
The Dow Jones Industrial Average hit an intraday record high. The index is up 472 points, or 1.3% to 37049 at last check, reaching over 37000 for the first time. It's up just a little less than the S&P 500 and Nasdaq Composite, which have gained about 1.4% each.
Traders work on the floor of the New York Stock Exchange during morning trading on May 17, 2024 in New York City. Passing major milestones such as the 40,000 barrier the Dow Jones Industrial Average eclipsed this week makes for a nice headline, but market experts do not take much else from the move.
The S&P 500 lost approximately 50% of its value, but the duration of this bear market was just below average. The bear market was confirmed in June 2008 when the Dow Jones Industrial Average (DJIA) had fallen 20% from its October 11, 2007 high.
Wall Street busted through its latest milestone when the Dow Jones Industrial Average topped 30,000 for the first time this week. The Dow rose 454.97 points, or 1.5 percent, to close at 30,046.24 on Tuesday.
In November 1972, the Dow Jones Industrial Average climbs to 1,000 units for the first time in its history, a milestone 76 years in the making. On November 14, 1972, the Dow Jones Industrial Average (DJIA) crossed the 1,000-point mark, 21,652 days after its inception on October 7, 1896.
The Dow Jones Industrial Average surpassed 40,000 points on Thursday for the first time ever, signaling a strong endorsem*nt of the health of the U.S. economy.
The Dow Jones Industrial Average hit a new high on Thursday, crossing 40,000 points for the first time. At Marketplace, we always say that the stock market is not the economy. But it can say something about how certain people think and feel about the economy.
By November 2020, the Dow had closed above 30,000 for the first time. The momentum from the Covid lows carried through to 2021, with the Dow breaking above 35,000.
Tech stocks flew today, but the Dow industrials also rose: The blue-chip index closed above 39000 for the first time. The Dow rose 1.2% to 39069, a record high. If it seems like it just finished at 38000, that's right—it happened on Jan.22.
Some sources (including the file Highlights/Lowlights of The Dow on the Dow Jones website) show a loss of −24.39% (from 71.42 to 54.00) on December 12, 1914, placing that day atop the list of largest percentage losses.
Introduction: My name is Rev. Leonie Wyman, I am a colorful, tasty, splendid, fair, witty, gorgeous, splendid person who loves writing and wants to share my knowledge and understanding with you.
We notice you're using an ad blocker
Without advertising income, we can't keep making this site awesome for you.
