Economics
Stocks Rise on Global Growth Outlook; Bonds Drop: Markets Wrap
- Trading volume surges in S&P 500 stocks even with U.S. storm
- Euro strengthens as economic activity accelerates in region
Dow Closes Above 25,000 for First Time
This article is for subscribers only.
Stocks rallied around the world on signs the global economic expansion that pushed benchmarks to records in 2017 remains intact. The dollar slipped and U.S. Treasuries declined as a private report showed U.S. employment strengthening.
The Dow Jones Industrial Average surpassed 25,000 for the first time, while the Standard & Poor’s 500 Index and the Nasdaq Composite reached all-time highs. Trading in S&P 500 stocks was not slowed by the storm lashing the East Coast, with volumes about 20 percent above the 30-day average.