Organizers claimed that nearly 2 million Hong Kong protesters took to the streets Sunday in a rally to demand the city's top official resign a day after she suspended — but...China Politicsread more
African swine fever, which has already ravaged pig herds in China and pushed up food prices there, could also drive up inflation in the other emerging markets, according to...Asia Economyread more
Consumer goods giant Unilever has taken the unusual step of having some of its marketing staff read their own DNA profiles to see whether finding out about their heritage has...Marketing.Media.Moneyread more
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In the survey, 66% of Democratic primary voters say they'd be enthusiastic or comfortable about Biden as their nominee to take on President Trump in the 2020 election. Just...Politicsread more
Heavy rains caused unprecedented delays in planting this year and contributed to record floods across the central United States.Agricultureread more
Target's registers were down on Saturday for several hours preventing customers from checking out.Retailread more
Although Cook did not mention companies by name, his commencement speech in Silicon Valley's backyard mentioned data breaches, privacy violations, and even made reference to...Technologyread more
U.S. ambassador to Israel David Friedman called the gesture a "birthday present" to Trump, who turned 73 on Friday.Politicsread more
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The agreement, which is on the framework for the plan of adjustment, provide for more than a 60% average haircut for all $35 billion, a 36% haircut on pre-2012 general...Bondsread more
The Dow Jones industrial average just jumped 1,000 points in 24 trading days, vying for one of the fastest jumps on record.
If the Dow closes above 21,000 on Wednesday, that ties it with the index's run in 1999, when the Dow climbed from 10,000 to 11,000 in 24 trading days, according to Ryan Detrick, senior market strategist at LPL Financial.
The 1,000-point moves become less impressive on a percentage basis, however.
The Dow climbed 10 percent in 1999, while it's risen only 5 percent in the move from 20,000 to 21,000.
The "biggest takeaway may be psychological — round numbers make for good headlines/celebrations, and this could prompt the sort of blow-off that leaves stocks (at least in the near-term) over-extended and facing headwinds from excessive optimism," William Delwiche, investment strategist at Baird, said in an email.
U.S. stocks rallied to fresh records Wednesday after a speech from Donald Trump took a less confrontational tone, although the president gave few details on highly anticipated policies such as tax reform.
Goldman Sachs contributed the most to gains in the Dow on Wednesday and has had the biggest positive effect on the index's gains since it crossed 19,000 two weeks after the election, according to Howard Silverblatt, senior index analyst at S&P Dow Jones Indices.
However, since the Dow topped 20,000 in late January, Apple has had the greatest positive impact, he said.