CNBC: “Dow breaks above 25,000 for the first time ever after strong jobs data”
Dow breaks above 25,000 for the first time ever after strong jobs data
By Fred Imbert
January 4, 2018
The Dow Jones industrial average broke above 25,000 for the first time on Thursday, tying the fastest 1,000-point move in its history, following the release of stronger-than-expected jobs data.
“The Dow hitting 25,000 was a pretty wild idea even a year ago. And while its 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 ETRADE.
Equities are off to a strong start in 2018. On Wednesday, the Nasdaq completed its best two-day start to a year since 2006.