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Dow Cracks Milestone in Morning Trading

Index hits 29K for the first time
By Newser Editors,  Newser Staff
Posted Jan 10, 2020 9:49 AM CST
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A board above the floor of the New York Stock Exchange shows the Dow Jones industrial average above 29,000 after the opening bell, Friday, Jan. 10, 2020.   (AP Photo/Richard Drew)

(Newser) – The monthly jobs report may have come in softer than expected, but that didn't prevent the Dow from reaching a milestone Friday morning. The index hit 29,000 for the first time, reports CNBC. It has since been fluctuating below that mark. The development comes after stocks rose to record highs Thursday when tensions between the US and Iran eased. President Trump was boasting of the economy before the morning news: “11,000 points gained in the Dow in the 3 years since the Election of President Trump," he tweeted. "Today it may hit 29,000." The Dow closed above 28,000 for the first time on Nov. 15, notes MarketWatch. (Read more Dow Jones stories.)

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