Dow reclaims 27,000 level intraday, with S&P back in striking distance of 3,000
The Dow Jones Industrial Average was on the brink of claiming a thousand-point milestone for the first time since January 2018, ending the longest period without crossing such a psychologically significant level since the blue-chip benchmark crossed the 19,000 threshold three weeks after Donald Trump was elected president in November 2016.
The attempt at a history-making advance prompted a reaction from Trump on Thursday, who tweeted a simple call-out to the intraday record: “Dow just hit 27,000 for first time EVER!’”— Donald J. Trump July 11, 2019 The climb also comes as markets have been buttressed by stock-supportive central-bank policy, with Federal Reserve Chairman Jerome Powell on Wednesday in congressional testimony resetting the stage for a rate cut at the end of the month.On Wednesday, the S&P 500 stock index SPX, +0.
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