Dow blows past 24000 for the first time ever

Dow blows past 24000 for the first time ever

Other market indicators also reached milestones on Thursday. The Nasdaq Composite.IXIC rose 0.87 percent to 6,883.82, a day after posting its biggest one-day drop in more than three months as investors rotated out of technology stocks.

Efforts to push the sweeping tax legislation through the Senate was hurtling on Thursday toward a dramatic conclusion, with Republican leaders pursuing behind-the-scenes deals meant to secure enough votes for passage.

Kroger was the biggest S&P gainer, surging about 12 percent after the biggest USA supermarket chain beat both sales and profit estimates. [O/R] Goldman Sachs (GS.N) jumped 3 percent, while JPMorgan (JPM.N) and Bank of America (BAC.N) rose more than 1.5 percent, tracking higher USA treasury yields. Among the best performers on Wall Street, Kroger Co.

Banks and industrial companies were also higher in midday trading Thursday. The Dow Jones Industrial Average added 107 points, or 0.5%, to 24,0049.

The Nasdaq is up 1,490.86 points, or 27.7 percent. (KR) jumped 11% after better-than-expected earnings.

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The Russell 2000 index of smaller-company stocks picked up 1.84 points, or 0.1 percent, to 1,544.14. On the Nasdaq, 1,686 issues rose and 1,171 fell. JPMorgan Chase rose 1.1 percent and UnitedHealth climbed 1.2 percent.

The S&P 500 rose 45.16 points, or 1.7 percent.

The Dow Jones industrial average gained 114 points, or 0.5 percent, to 24,056.

The S&P 500 is up 408.75 points, or 18.3 percent.

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