Dow Smashes Through 26,000 as Trump & China Sing Kumbaya
The Dow and U.S. stock market rebounded sharply on Friday, as President Donald Trump prepared to greet China’s top trade negotiator following a week of negotiations in Washington.
Dow Roars Back to Life
All of Wall Street’s major indexes reported gains on Friday and were on track for weekly increases. The Dow Jones Industrial Average climbed 188 points, or 0.7%, to 26,039.38. The blue-chip index opened 56 points higher, reflecting a strong pre-market session for Dow futures.
The Dow roared back to life on Friday and smashed past 26,000.
Twenty-seven of 30 Dow index members were trading in positive territory. Intel Corp (INTC) was the biggest gainer, climbing 2.9%. Pfizer Inc. (PFE), a leading drugmaker, rose 2.2%. Telecom giant Verizon Communications Inc. (VZ) rose 1.7%. Cisco Systems Inc. (CSCO) and The Boeing Company (BA) were also among the top gainers, rising 1.5% apiece.
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