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Dow Jones Reaches 27,000 Mark for First Time Ever

The Dow Jones reached 27,000 for the first time on Thursday as the Federal Reserve is expected to cut interest rates for the first time in 10 years.

The Dow Jones industrial average briefly crossed the 27,000 mark for the first time ever, boosted by bets that the Federal Reserve is poised to cut interest rates for the first time in a decade.

The blue-chip index soared 147.66 points moments after Thursday’s open to hit 27,007.86 — blowing past an all-time intraday high of 26,983.45 that was reached a day earlier.

Continue reading the full article at the New York Post.

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