Dow Power! Stock gauge tops 17,000 for first time

July 8, 2014 2:56 pm  |  Comments: 0  | Views: 5997

The Dow finally did it! It topped 17,000 in early trading Thursday, July 3rd, 2014, marking the latest milestone in the bull market that began in March 2009.

Other indexes moved higher, too. As of 10:32 a.m. ET, the Dow Jones industrial average is up 0.4%, the S&P 500 0.3% higher and the Nasdaq composite is gaining 0.4%. The Dow is now about 45 points above the big number. The S&P 500 is also in record-high territory — and 19 points below a could-be milestone of its own, 2000.

“Let’s just hope today’s report is not equivalent to a fireworks grand finale,” said market analyst Todd Schoenberger of the good news, which comes just ahead of the July Fourth holiday.

European benchmarks are higher so far with Britain’s FTSE 100 up 0.45%, Germany’s DAX up 0.53% and France’s CAC-40 up 0.51%. In Asia, Japan’s Nikkei 225 index lost 21.68 points, or 0.14%, to close at 15,348.29 and Hong Kong’s Hang Seng fell 30.32 points, or 0.13%, to 23,519.30.

The Dow continued its heady climb into uncharted territory on the eve of the Fourth of July, eclipsing the 17,000 milestone for the first time in its 118-year history and building on the bullish start to the second half of 2014.

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