Dow Jones Hits 26,000 Milestone Before Rally Fades
U.S. markets surged Tuesday morning topping 26,000 for the first time ever but the huge gains faded in afternoon trading.
Watch CBS News
U.S. markets surged Tuesday morning topping 26,000 for the first time ever but the huge gains faded in afternoon trading.
And just like that, Wall Street is celebrating another milestone: Dow 24,000.
For the first time, the Dow Jones Industrial Average broke 20,000 but it's hardly a surprise.
Amid a scary slide on Wall Street, professions to 401(k) holders are advising other investors not to do anything rash.
It's been nearly six years since the Dow Jones Industrial Average closed above 14,000 points in July 2007. As the Grateful Dead would sang, "what a long strange trip it's been."
Facebook posted second-quarter earnings in line with Wall Street's expectations: a mere 12 cents per share.
For the first time in 2 ½ years, the Dow Jones industrial average closed above 12,000 points Tuesday afternoon.