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Dow hits 25,000 milestone on strong US hiring data

It took less than a year for the Dow to add a 5,000-point milestone, which is the fastest since the index was created in May 1896.

Reuters  |  New York 

The Dow industrials broke above the 25,000 level for the first time on Thursday and other major indexes hit closing record highs again, propelled by strong global economic data that extended the New Year's rally for the stock market. The 30-member blue-chip index crossed five 1,000-point marks in 2017 on solid corporate earnings and hopes for a pro-growth agenda by US President Donald Trump. It took less than a year for the Dow to add a 5,000-point milestone, which is the fastest since the index was created in May 1896. Wall Street has started 2018 on a strong note. The ...

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First Published: Fri, January 05 2018. 10:09 IST
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