Dow Surpasses 34000 After Strong Earnings. Economic Data

Dow Surpasses 34000 After Strong Earnings. Economic Data - WSJ

U.S. stocks climbed to fresh records as blue-chip companies reported strong earnings and fresh economic data showed a sharp improvement in consumer spending and the labor market.

The Dow Jones Industrial Average closed above 34000 for the first time Thursday after strong earnings and upbeat economic data sent stocks climbing. The S&P 500 also notched a record close. its 22nd of the year. A powerful rally has pushed both indexes up 11% in 2021.

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