Dow closes above 25,000 for first time, as equity benchmarks rattle off fresh round of records
U.S. stocks recorded their third consecutive day of gains on Thursday, as the Dow Jones Industrial Average closed above the psychologically important 25,000 mark for the first time in history. Meanwhile, the S&P 500 and Nasdaq Composite hit records for the first three trading days of the year for the first time since 1964 and 1999, respectively. Sentiment remained upbeat on the back of supportive ADP payroll data, as well as a rise in commodity prices. In individual stocks, CVS Health Corp rose 2.6% after issuing its 2018 guidance. Financials were up across the board , with JPMorgan Chase & Co. rising 1.4%, Bank of America Corp. up 1.3% and Wells Fargo & Co. 1.3% higher. Among the days losers was Walgreens Boots Alliance Inc. , which fell 5.1% despite better-than-expected earnings.