Dow Just Recorded a Major Milestone

Index up 5K points for the year, a first
By Newser Editors,  Newser Staff
Posted Dec 18, 2017 12:12 PM CST
Dow Up 5K Points for the Year, a First
Trader Gregory Rowe works at the New York Stock Exchange.   (AP Photo/Mark Lennihan)

President Trump will likely be trumpeting this stock market milestone: A Monday morning surge of 200 points put the the Dow Jones industrial average up 5,000 points for the year—a first in its 121-year history, reports CNBC. In fact, the market's previous record for annual point gain was "just" 3,472, in 2013. Meanwhile, the Street notes that the Nasdaq crossed the 7,000 mark for the first time on Monday, with investors seemingly happy that the GOP tax plan is on the brink of approval. For the year, the Dow is up 25.6%, while the S&P 500 is up 20.3% and the Nasdaq 28.6%. The Dow was trading at 24,816 just before 1pm Eastern. (More stock market stories.)

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