Thursday, January 4, 2018

Business: Dow Hits 25K, Global Markets on A High

The Dow Jones Industrial Average jumped past 25000 for the first time Thursday, possibly notching the fastest 1,000-point gain in its history, should it close above that mark.

The blue-chip index, which heavily weights industrial giants like Boeing Co. and Caterpillar Inc., was recently up 97 points, or 0.4%, at 25019.

Thursday's moves marked the latest feat for a rally that has repeatedly wrong-footed skeptics and sent stock indexes around the world to multiyear highs.

Global stock markets have romped to fresh all-time highs as 2018 begins where 2017 left off - with shares rising across the world.
A renewed burst of investor confidence swept America’s Dow Jones industrial average over the 25,000 point mark for the first time - meaning it has gained around 25% in the last 12 months.
Traders drove the Dow up after payroll figures showed that American companies hired 250,000 workers last month - the best reading since March. It suggests that tomorrow’s US jobs report (the non-farm payroll) figures could be better than expected.
Britain’s FTSE 100 also scaled new peaks, closing at a new all-time high. Other European stock markets also had a strong day, with the Stoxx 600 index up almost 1%.
Britain’s service sector also beat expectations, although there are still signs that Brexit uncertainty is hitting investment.

The rally began in Japan, where stocks jumped to their highest levels in 26 years as trading resumed after the New Year break.

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