The Dow Jones Industrial Average - one of the two most quoted indices in the US - has hit a record high above 14,200 points, surpassing its 2007 peak.
The index closed up 126 points or 0.9% at 14,253 points, surpassing both the previous record close of 14,164 in October 2007, as well as its highest intra-day trading level of 14,198.1. The Dow - which is 116-years-old - has been on an upward trajectory all year, gaining 7.8% year to date before yesterday's move. From its most recent low of 12,101 seen in June last year, it has now risen almost 20% in just nine months. Other markets are also either at or near multi-year or record highs. The S&P 500 closed up at 1,539 points, up 1% on the day and just 26 points (less than 2%) shy of...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes