The Dow breaks 25,000
Photo: Brian R. Smith / Getty Images
The Dow Jones Industrial Average on Thursday morning broke 25,000 for the first-time in its history, and is continuing to soar as of 11am.
Why it matters: The record-setter came after a better-than-expected December jobs report from ADP (the official Labor Department figures come tomorrow).
Not surprisingly, President Trump noticed the milestone:
BankRate.com chief financial analyst Greg McBride adds:
"The Dow is a figurehead of the market, but not a good barometer of it. The S&P 500 is a much better market indicator, and it recently crossed 2700 for the first time. But that just doesn't have the same ring to it."