NEW YORK – Wall Street busted through its latest milestone Tuesday, when the Dow Jones Industrial Average topped 30,000 for the first time.
It’s an attention-grabbing psychological threshold, and it’s an encouraging signal that the market’s rally is broadening beyond the handful of stocks that carried Wall Street through the pandemic.
But the Dow at 30,000 means less to most investors’ 401(k) accounts than the fact that broader market indexes are also at record highs.
Here’s a look at how the Dow has rallied to its latest multiple of 10,000, the first time that’s happened since January 2017, and what it means for investors.