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The Dow Jones hits 29,000 for the 1st time in history


Donald Trump

The Dow Jones hits 29,000 for the 1st time in history

Uncertainty in the Middle East has not deterred investors. January 10, 2020, 4:08 PM2 min read The Dow Jones Industrial Average reached a record high Friday morning, briefly touching 29,000 for the first time in history. Investors continued to push stocks higher despite a Friday Labor Department jobs report that fell short of economists expectations,…

The Dow Jones hits 29,000 for the 1st time in history

Uncertainty in the Middle East has not deterred investors.

Catherine Thorbecke

January 10, 2020, 4:08 PM

2 min read

The Dow Jones Industrial Average reached a record high Friday morning, briefly touching 29,000 for the first time in history.

Investors continued to push stocks higher despite a Friday Labor Department jobs report that fell short of economists expectations, and as geopolitical tensions mount between the U.S. and Iran.

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The S&P 500 and Nasdaq similarly saw gains despite a volatile trading week.

The Dow’s gains were led by pharmaceutical maker Pfizer — possibly because of the notable gains in health care jobs in Friday’s jobs report — as well as tech giants.

President Donald Trump tweeted just prior to the Dow surpassing 29,000, writing that this has never happened before and, preemptively congratulating himself, writing: «The best is yet to come!»


ABC News


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