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Dow breaks the 29,000 threshold for first time

Dow breaks the 29,000 threshold for first time




The Dow Jones Industrial Average soared past 29,000 for the first time ever on Friday, hitting a new record as the historic bull market tears higher in the new year.




The 30-stock index climbed 48 points higher to breach the psychological threshold, driven by gains in Pfizer, Apple, and Coca-Cola.




The surge follows a Friday morning jobs report that came in below analyst expectations. The Bureau of Labor Statistics announced that 145,000 nonfarm payrolls were created in December, falling under the 160,000 projection.




Watch the Dow Jones Industrial Average here.




The Dow Jones Industrial Average surged past 29,000 for the first time ever on Friday, notching a new record for the historically long bull market.
The 30-stock index climbed 48 points higher to break through the psychological level, trading higher despite a disappointing December jobs report. Pfizer led the Dow with a 1.7% gain, followed by Apple and Coca-Cola's rising shares.
The S&P 500 jumped 0.2%, and the Nasdaq Composite climbed 0.3%.
The Bureau of Labor Statistics announced Friday that 145,000 nonfarm payrolls were created last month, falling below analyst expectations of 160,000. The report brought total 2019 job gains to 2.1 million, falling in line with projections but below 2018's 2.7 million increase.
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