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
Dow Crosses 24K for First Time
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)

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. (More Dow Jones stories.)

Get the news faster.
Tap to install our app.
Install the Newser News app
in two easy steps:
1. Tap in your navigation bar.
2. Tap to Add to Home Screen.