Dow breaches 29,000 for the first time


Stocks rose to record highs on Friday despite weaker-than-expected jobs data as Wall Street concluded a volatile week chock-full of geopolitical concerns.

The Dow Jones Industrial Average traded 48 points higher, or 0.2% to break above 29,000 for the first time ever. The S&P 500 climbed 0.2% while the Nasdaq Composite advanced 0.3%.

Pfizer shares rose 1.7% to lead the Dow’s gains. Health care and tech were the best-performing sectors in the S&P 500, climbing 0.5% each. 

The U.S. economy added 145,000 jobs in December. Economists polled by Dow Jones expect the U.S. economy to have added 160,000 jobs in December.

Read more at CNBC


Please enter your comment!
Please enter your name here