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US stock market jumps sharply today with Dow hitting 50,000 for first time since Iran war

The Independent·Stan Choe·19 days ago
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The U.S. stock market surged toward new records on Thursday, bolstered by robust corporate earnings that exceeded analyst expectations, particularly from tech giant Cisco Systems. The S&P 500 advanced 0.9%, building on its previous all-time high, while the Dow Jones Industrial Average climbed 386 points, or 0.8%, positioning it to close above the 50,000 mark for the first time since the war with Iran commenced. The Nasdaq composite also saw a 1% rise, extending its own record by late morning Eastern time. Cisco Systems played a significant role in the market's ascent, with its shares jumping 15.5% in what could be its strongest single-day performance in nearly 15 years.…

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