Business
Dow Crosses 50,000 Level
The blue-chip index was up about 1,100 points, or 2.2%. The S&P 500 was up 1.8%. The Nasdaq Composite rallied 1.9%.
“I do think it’s important to see the DJIA hit 50,000,” Frank Cappelleri, founder of technical analysis firm CappThesis, tells Barron’s. “There’s obvious round-number significance (especially being halfway to 100k), which naturally draws attention and deservedly so. But just as important is how the Dow has gotten here.”