Dow's 272-point surge to a record puts it on track for best day in 5 weeks
The Dow Jones Industrial Average notched its first intraday record on Thursday, putting the blue-chip index on pace for its sharpest daily gain since mid August. The Dow was trading about 273 points, or 1%, higher at 26,677, blowing past its Jan. 26 all-time high at 26,616.71 and putting the benchmark on track for its best daily advance on a point basis since Aug. 16, when the Dow added 320 points, or 1.3%, according to FactSet data. If the Dow closes at its current level it will notably represent its first closing record in about eight months. The index's rise is part of a broad-market runup in stocks, with the S&P 500 index hitting an intraday record of its own and the Nasdaq Composite Index also trading firmly higher. Investors have shaken off worries about trade spats, even as President Donald Trump earlier this week reiterated his hard-line stance on China and said the U.S. had "no choice" but to levy another $267 billion in duties on China. Instead, the buying has been supported by enthusiasm about the health of the domestic economy.