Dow Jones Industrial Average Exceeds 50,000 for First Time
Traders work on the floor at the New York Stock Exchange.
Photographer: Michael Nagle/BloombergThe Dow Jones Industrial Average broke above the 50,000 level for the first time, as investors bid up the blue-chip gauge amid optimism over the US economy and corporate earnings.
The 30-member index — comprised of household names like Goldman Sachs Group Inc., Coca-Cola Co. and JPMorgan Chase & Co. — rose 2.5% to 50,115.67 on Friday. The gauge is up 4.3% this year, outperforming all major US equity indexes.