Dow Breaks 27,000 for First Time Ever

The Dow Jones Industrial Average rose to a record high on Thursday, rising above 27,000 for the first time in history.

The Dow reaching an all time high comes a day after the S&P 500 broke 3,000 on Wednesday for the first time in history. 

The record rise followed testimony from Federal Reserve Chair Jerome Powell that hinted the Fed will cut interest rates. “Economic momentum appears to have slowed in some major foreign economies, and that weakness could affect the U.S. economy,” Powell said. Many are attributing the rise in part to Powell’s testimony.

 

 

Image: from screenshot