Dow closes above 25,000 for the first time
(Worthy News) – The Dow Jones industrial Average closed at more than 25,000 for the first time Thursday.
The 30-stock index climbed 152.45 points to 25,075.13 35 days after it broke above 24,000 for the first time on Nov. 30, tying the fastest 1,000-point move in its history when it rose from 20,000 to 21,000 last year.
“The Dow hitting 25,000 was a pretty wild idea even a year ago. And while it’s symbolically important, the real story is never just a number. It’s the underlying strength that is pushing markets this high,” said Steve Claussen, vice president of trader strategy at E-Trade. [ Source: UPI (Read More…) ]
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