Dow jumps more than 200 points to close above 35,000 for the first time ever
U.S. equities rose Friday with the the major averages hitting new records as they overcame concerns about economic growth from earlier in the week.
The Dow closed above 35,000 for the first time ever, bringing its gain for 2021 to more than 14%.The blue chip average rose 238.20 points, or 0.68%, to 35,061.55, gaining for a fourth straight day. It made the 1,000-point trek rather quickly, having closed above 34,000 for the first time ever back in mid-April.
The S&P 500 gained 1.01% to 4,411.79 and the Nasdaq Composite climbed 1.04% to 14,836.99, both new closing highs for the benchmarks.
The 10-year Treasury yield bounced on Friday to 1.281%, easing concerns about the economy that the bond market triggered on Monday. The 10-year yield fell to a 5-month low of 1.13% earlier this week.
The S&P 500 rose 2% for the week and the Nasdaq Composite added 2.8%. The Dow ended the week up 1%.
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