US STOCKS-Dow tops 25,000 on strong private hiring, global growth hopes [Reuters]
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Source: Reuters
US STOCKS-Dow tops 25,000 on strong private hiring, global growth hopes | Reuters Reuters Staff 3 Min Read * Private employers add 250,000 jobs in Dec vs est. 190,000 * Tesla down after announcing Model 3 production delay * JC Penney, Macy’s fall after reporting holiday sales * Indexes up: Dow 0.6 pct, S&P 0.48 pct, Nasdaq 0.32 pct (Changes comment, updates prices, adds details) By Sruthi Shankar Jan 4 (Reuters) - The Dow Jones Industrial Average broke above the 25,000 level for the first time on Thursday and other major indexes scaled new highs after strong U.S. private jobs data added to upbeat sentiment following indications of robust growth globally. The 30-member blue-chip index crossed five 1,000-point marks in 2017, driven partly by President Donald Trump’s pro-growth agenda and solid corporate earnings. The momentum carried into 2018, with the benchmark S&P index closing above 2,700 for the first time on Wednesday and the Nasdaq settling above 7,000 a day earlier. “Every 1,000
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