Wall Street’s Dow Jones Sets Another Record
Stocks finished higher across the board today (March 8) with the Dow setting a new record high and all three major averages up more than 2% for the week, boosted by a stronger-than-expected monthly government payrolls number, CNBC reported.
The Dow Jones Industrial Average finished higher for the 10th consecutive Friday, lifted by McDonald’s and Disney. Earlier in the session, the blue-chip index crossed above 14,400 for the first time.
The Dow closed the day at 14397.07, up 67.58.
The S&P 500 and the Nasdaq also ended in positive territory. The Dow and S&P 500 are set to post their sixth-straight day of gains. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, closed below 13.
All key S&P sectors turned higher, led by consumer discretionary and industrials.