Jan 4, 2018

The Dow breaks 25,000

Dan Primack, author of Pro Rata

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."

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