Thursday, March 28, 2024
HomemarketsDow sets record close, tracking to end year with six full weeks...

Dow sets record close, tracking to end year with six full weeks of gains for the first time since 1954

  • The Dow Jones industrial average inched higher to a record close on the second-to-last day of trading in 2017. All three major indexes are set for monthly gains.
  • Copper briefly rose more than 1 percent to its highest in nearly four years. Oil held just below the psychologically key $60 level, a 2.5-year high which it touched earlier this week.
  • "Those that are in [the market] are hoping we might be able to make a new high at the close of the year," said Robert Pavlik, chief investment strategist at SlateStone Wealth. "I think 2018 is going to be a pretty good year."

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