Dow breaches 29,000 for the first time as investors shake off weak December jobs report

South Africa News News

South Africa Latest News,South Africa Headlines
  • 📰 CNBC
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 72%

The Dow just hit 29,000. $AAPL, $GS, $UNH, $NKE, $MSFT and $MCD have been the best performing components since the Dow hit 28,000 in November.

Pfizer shares rose 1.7% to lead the Dow's gains. Health care and tech were the best-performing sectors in the S&P 500, climbing 0.5% each.. Economists polled by Dow Jones expect the U.S. economy to have added 160,000 jobs in December.

"The December jobs report was a little softer than expected but not so much so as to stoke big worries about the US consumer and the health of the overall economy," said Alec Young, director of global markets research at FTSE Russell. "Although both readings were slightly below expectations and the recent trend, neither is overly alarming by itself."on Thursday as tensions between Iran and the U.S. decreased.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

CNBC /  🏆 12. in US

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Dow set to test 29,000 as Wall Street awaits key jobs reportDow set to test 29,000 as Wall Street awaits key jobs reportU.S. stocks look likely to carve out fresh records on Friday, and the Dow industrials may trade at the psychologically significant level of 29,000 for the first time ever, as investors awaited the monthly employment report, a data point that could influence market moves for the day.
Read more »

Dow sets second record close of 2020 as stocks rally on trade optimism, fading Mideast tensionsDow sets second record close of 2020 as stocks rally on trade optimism, fading Mideast tensionsU.S. stocks set new records Thursday, with all three major benchmarks notching fresh all-time intraday and closing highs after the Chinese government...
Read more »

Apple Stock Hits New Record, Spurring Dow Higher, As China Sales BoomApple Stock Hits New Record, Spurring Dow Higher, As China Sales BoomAfter going on a tear and rising almost 90% last year, Apple stock again got a boost today, hitting another new record high—thanks to recent data showing that China sales were much better than expected for December by skleb1234
Read more »

Dow set to attempt a run at all-time high as stock-market focus shifts from Iran to U.S.-China tradeDow set to attempt a run at all-time high as stock-market focus shifts from Iran to U.S.-China tradeU.S. stock indexes on Thursday appear set to test new records as investors turn to fresh progress on a partial China trade pact, amid apparent easing of Middle East tensions.
Read more »

Dow set to test 29,000 as Wall Street awaits key jobs reportDow set to test 29,000 as Wall Street awaits key jobs reportU.S. stocks look likely to carve out fresh records on Friday, and the Dow industrials may trade at the psychologically significant level of 29,000 for the first time ever, as investors awaited the monthly employment report, a data point that could influence market moves for the day.
Read more »

Wall Street set to open higher on tech support; jobs data underwhelmsWall Street set to open higher on tech support; jobs data underwhelmsWall Street was set to open slightly higher on Friday, aided by technology stock...
Read more »



Render Time: 2025-03-22 21:48:37