Dow closes above 38,000 for first time
CNN
Stocks gained on Monday, building on last week’s gangbusters rally, with the Dow crossing the 38,000 mark for the first time ever.
Stocks gained on Monday, building on last week’s gangbusters rally, with the Dow crossing the 38,000 mark for the first time ever. The Dow rose 138 points, or 0.4%, ending the day at 38,001.81. The S&P 500 gained 0.2% and the Nasdaq Composite added 0.3%. The S&P 500 also closed at an all-time high, reaching 4,850.43. Year-end price targets for the Dow range from from 34,000 to 45,000, according to Capex. The S&P 500 on Friday entered bull market territory, rallying more than 20% off its lows and hitting a new record. Elsewhere, Macy shares added 3.6% after the company over the weekend rejected a $5.8 billion bid from Arkhouse Management and partner Brigade Capital Management to take the company private.
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