Dow breaches 29,000 for the first time

0
25

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

LEAVE A REPLY

Please enter your comment!
Please enter your name here