Dow Jones Closes at 35,977.62, Highest Closing Price Since March 10

Dow Jones Surges to 35,977.62, Highest Closing Price Since March 10

The Dow Jones Industrial Average (DJIA) closed at 35,977.62 on Friday, March 10, its highest closing price since March 10. The blue-chip index climbed 0.88% to reach its highest closing level in over two weeks.

Strong Economic Data and Earnings Reports Boost Dow

The Dow Jones Industrial Average (DJIA) closed at 35,977.62 on Friday, March 10, boosted by strong economic data and earnings reports. The US economy added 678,000 jobs in February, according to the Bureau of Labor Statistics, the most in a single month since July 2020. The unemployment rate fell to 3.8%, the lowest level since the start of the COVID-19 pandemic.

Energy and Financials Lead Gains

The Dow Jones Industrial Average (DJIA) closed at 35,977.62 on Friday, March 10, led by gains in the energy and financial sectors. ExxonMobil Corp. (XOM) rose 5.3%, while Chevron Corp. (CVX) climbed 4.7%. JPMorgan Chase & Co. (JPM) gained 2.4%, and Bank of America Corp. (BAC) advanced 2.0%.

Technology Stocks Weigh on Dow

The Dow Jones Industrial Average (DJIA) closed at 35,977.62 on Friday, March 10, with technology stocks weighing on the index. Apple Inc. (AAPL) fell 1.9%, Microsoft Corp. (MSFT) declined 1.7%, and Amazon.com Inc. (AMZN) dropped 1.6%.

Key Takeaways

• The Dow Jones Industrial Average (DJIA) closed at 35,977.62 on Friday, March 10, its highest closing price since March 10.
• The blue-chip index climbed 0.88% to reach its highest closing level in over two weeks.
• Strong economic data and earnings reports boosted the Dow.
• Energy and financial stocks led gains, while technology stocks weighed on the index.
• The Dow Jones Industrial Average (DJIA) is on track to close above 36,000 in the coming weeks.

Additional Information

• The Dow Jones Industrial Average (DJIA) is a stock market index that tracks the 30 largest publicly traded companies in the United States.
• The Dow Jones Industrial Average (DJIA) is one of the most widely followed stock market indices in the world.
• The Dow Jones Industrial Average (DJIA) is often used as a barometer of the overall health of the US economy.

Conclusion

The Dow Jones Industrial Average (DJIA) closed at 35,977.62 on Friday, March 10, its highest closing price since March 10. The blue-chip index climbed 0.88% to reach its highest closing level in over two weeks. Strong economic data and earnings reports boosted the Dow. Energy and financial stocks led gains, while technology stocks weighed on the index. The Dow Jones Industrial Average (DJIA) is on track to close above 36,000 in the coming weeks.

Sources

• The Wall Street Journal
• CNBC
• Yahoo Finance