The Dow Jones Industrial Average rallied to a record high on Thursday, led by UnitedHealth shares, after testimony by Federal Reserve Chair Jerome Powell that signaled easier monetary policy could be implemented later this month.
The 30-stock average broke above 27,000 for the first time in its history, rising 200 points or 0.8%.
Meanwhile, the S&P 500 rose 0.3% to trade back above 3,000 while the Nasdaq Composite gained 0.2%. The S&P 500 first broke above 3,000 on Wednesday.
Source : CNBC