Down Jones Hits 25,000 for First Time
Global News Blog Summary: United States stock markets reached a new high on Thursday as the blue chip Dow Jones Industrial Average crossed 25,000. After twelve months of growth in the US and global economies, the ADP National Employment report, estimating that employers added 250,000 jobs in December, boosted the markets over the 25,000 mark. Greg McBride, the chief financial analyst for Bankrate.com, told reporters: “With the positive fundamentals – an expanding economy, continued job growth, still low interest rates, and tax reform that promises to boost corporate earnings – it’s no surprise to see the market continuing to climb.” The S&P and Nasdaq have also hit milestones in recent days, and analysts predict additional stock market gains in 2018. However, these gains are expected to be more limited than in 2017.