DJIA Tops 37,000 for the First Time

WSJ:

The Dow Jones Industrial Average became the first major U.S. stock index to set a record since the Federal Reserve started raising interest rates.

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Investors on Wednesday drove the blue-chip index up 512.30 points to 37090.24, after Federal Reserve officials penciled in three interest-rate cuts next year at the conclusion of their December meeting. The benchmark topped its previous closing high of 36799.65 set on Jan. 4, 2022. The 30-stock index has risen for six consecutive weeks and is up 12% this year.

The DJIA ended 1980 at 963.99.

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