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4/15, 4:38 PM (Source: TeleTrader)
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Dow surpasses 34,000 point mark, reaches new record

The Dow Jones Industrial Average soared more than 280 points on Thursday, reaching another all-time high and surpassing, for the first time, the 34,000 point threshold. The Nasdaq 100 and the S&P 500 extended gains, both climbing to record highs as well.

The sentiment among traders was bolstered by upbeat data regarding the business inventories in the country, as well as the March figure for retail sales. Moreover, the initial jobless claims in the US dropped by 193,000 in the week ending April 10.

The Dow Jones jumped 0.83% or 278 points at 10:45 am ET, while the Nasdaq 100 surged 1.38% at the same time. A minute later, the S&P 500 gained 0.92%. The euro declined 0.07% versus the dollar, selling for 1.19713 at 10:48 am ET.

Breaking the News / BU