Dow hits 26,000 mark for first time on earnings reports

16 Jan, 2018 15:13 / Updated 6 years ago

Wall Street’s main indexes rose sharply on Tuesday. The Dow hit the 26,000 mark for the first time, as the fourth-quarter earnings season kicked into high gear, Reuters reported. Hopes of strong quarterly earnings, supported by a steep cut in corporate taxes, and solid global economic growth have bolstered optimism at the start of 2018. At 9:41am ET (14:41 GMT), the Dow Jones Industrial Average was up 225.34 points, or 0.87 percent, at 26,028.53, helping it record its fastest 1,000-point rise. It ended above 25,000 on January 4. The S&P 500 was up 18.09 points, or 0.65 percent, at 2,804.33, and the Nasdaq Composite was up 62.08 points, or 0.85 percent, at 7,323.14.