Dow Crosses 24K for First Time

November looks like it'll end on a high note
By Newser Editors and Wire Services
Posted Nov 30, 2017 8:53 AM CST
In this Friday, Nov. 13, 2015, file photo, the American flag flies above the Wall Street entrance to the New York Stock Exchange.   (AP Photo/Richard Drew, File)

(Newser) – A couple of hours before the stock market opened, President Trump tweeted, "Stock Market hits new Record High. Confidence and enthusiasm abound. More great numbers coming out!" He was right: The Dow Jones Industrial Average crossed the 24,000 threshold for the first time, and the S&P 500 hit a record, too, opening at 2,635, reports MarketWatch. It notes November will mark the 13th consecutive month of gains "on a total return basis."

The AP reports some early-morning standouts: JPMorgan Chase was up 1.1% and UnitedHealth rose 1.2%. Supermarket operator Kroger jumped 11.5% after reporting a strong quarter, and arts and crafts store Michaels soared 17.6% after its own results came in ahead of forecasts. The Dow is trading at 24,025 as of this writing.

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