Dow Is a Dog No More as Reopening Trade Puts 30,000 Within Sight
- The 124-year-old gauge heads for best November since 1928
- It’s a rebuttal to theory that the Dow has lost its relevancy
Photographer: Angela Weiss/AFP via Getty Images
This article is for subscribers only.
Left for dead as the pandemic crippled its marquee members, the Dow Jones Industrial Average has bounced back with the recovery trade. Its best November in almost a century has put it on the brink of 30,000.
The 30-company benchmark has surged 13% this month thanks to rallies in banks and manufacturers. Up in eight of the last 11 sessions, the Dow sits within 48 points of the milestone. It gained 1.6% Monday to close at an all-time high of 29,950.44.