Dow jumps 300, closes above 26000 for 1st time

Dow jumps 300, closes above 26000 for 1st time

Dow jumps 300, closes above 26000 for 1st time

Maris Ogg of Tower Bridge Associates told AFP the sustained rally was boosted by a "confluence of good news", including strong company earnings, slashed corporate tax rates, higher worker compensation and new investment.

Japan's benchmark Nikkei 225 jumped 0.7 percent to 24,050.53 as the yen weakened against the USA dollar. Meanwhile, the S&P 500, a stock market index focusing on market capitalizations of 500 large companies, rose 0.9 percent and finished at 2,802.56.

Investors were surprisingly optimistic in the face of a possible government shutdown on Friday.

Stocks are closing higher on Wall Street, sending the Dow Jones industrial average to its first close above 26,000 points.

The S&P 500 posted 84 new 52-week highs and 11 new lows; the Nasdaq Composite recorded 120 new highs and 22 new lows. The Nasdaq composite gained 74 points, or 1%, to 7,298.

Bond prices fell. The yield on the 10-year Treasury climbed to 2.63 percent from 2.59 percent late Wednesday. The Russell 2000 index of smaller-company stocks picked up 13.69 points, or 0.9 percent, to 1,586.66. "It's been hockey-stick growth up since the tax bill passed".

Bob Dole receives Congressional Gold Medal
Other Congressional Gold Medal honorees include Senators Robert Kennedy, John Glenn and Harry Truman. That service began 75 years ago when Dole joined the Army in World War II and was sent to Europe.

YouTube cracks down on Tide Pod challenge videos
A Lincoln doughnut shop has come up with a Tide laundry pod lookalike - and this one you're encouraged to eat . There have been 37 reported cases among teenagers so far in 2018, with half of the reports being intentional.

Israeli forces kill suspect in rabbi's murder in West Bank raid
The footage, which went viral, shows the 16-year-old slapping an Israeli officer and punching a soldier next to him in the face. She was arrested last month along with her mother after a video surfaced of her hitting two Israeli soldiers.

Persistent cold weather in the United States helped oil prices shrug off weakness early in the weak, helping oil stocks nudge markets higher.

Alcoa tumbled 7.5 percent after the aluminum producer's earnings missed analysts' estimates.

Bank of New York Mellon fell 4.1 percent after the custodian bank said it expected to book more in severance costs in 2018. Only the 1991-92 winning stretch saw the stock market gain 1% in the month following the end of that winning run.

That was the shortest time between 1,000-point milestones in the Dow's history spanning more than 100 years.

- General Electric has been the largest percentage decliner since January 4, down 6.4 percent, followed by Verizon Communications Inc, down 1.7 percent. At midday, each of the major indexes was up better than 0.5% with the blue chip index up nearly 200 points. Copper rose 1 cent to $3.20 a pound.

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