Uncertainty in the Middle East has not deterred investors.
January 10, 2020, 4:08 PM
2 min read
The Dow Jones Industrial Average reached a record high Friday morning, briefly touching 29,000 for the first time in history.
Investors continued to push stocks higher despite a Friday Labor Department jobs report that fell short of economists expectations, and as geopolitical tensions mount between the U.S. and Iran.
The S&P 500 and Nasdaq similarly saw gains despite a volatile trading week.
The Dow’s gains were led by pharmaceutical maker Pfizer — possibly because of the notable gains in health care jobs in Friday’s jobs report — as well as tech giants.
President Donald Trump tweeted just prior to the Dow surpassing 29,000, writing that this has never happened before and, preemptively congratulating himself, writing: “The best is yet to come!”
