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Dow Surges Past 25,000 as the Bull Market Powers Into 2018

  • Blue-chip index reached five round-number milestones last year
  • Measure of 30 stocks rises 1.4 percent to start the new year
Bloomberg business news
Dow 25,000 has no relevance, says Mark Yusko of Morgan Creek and Kirk Hartman of Wells Fargo Asset Management.(Source: Bloomberg)
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It’s a new year and an old pattern in equities, with the Dow Jones Industrial Average sailing past 25,000 for the first time as the bull market rages on.

Gains in companies from Boeing Co. to Wal-Mart Stores Inc. lifted the blue-chip index past the first round-number level of this year after breaching five similar milestones in 2017. It took the measure 35 calendar days to achieve the feat, tying the fastest move on record. The gain of 1,000 points was just over 4 percent.