Dow Jones reaches 35,000 for first time [View all]
Source: The Hill
The Dow Jones Industrial Average on Monday crossed the 35,000 mark for the first time, setting a new high water mark less than six months after it first breached 30,000.
The stock index jumped more than 200 points, or 0.6 percent, in the first hour of trading Monday morning, even as other indexes remained tepid. The S&P 500 was down 8 points, or 0.2 percent below the record it set on Friday.
The latest record comes amid mixed economic news. Last week, initial unemployment claims fell to their lowest levels since the pandemic began. But the monthly jobs report for April came in well below expectations, showing just 266,000 new jobs. Analysts had expected 1 million.
Read more: https://thehill.com/policy/finance/552628-dow-jones-reaches-35000-for-first-time
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