A broad rally on Wall Street propelled the Dow Jones industrial average to close above 26,000 points for the first time Wednesday. A broad rally on Wall Street propelled the Dow Jones industrial average to close above 26,000 points for the first time Wednesday. “But the market remains overbought, and an overbought market is susceptible to a pullback.”The Dow gained 322.79 points, or 1.3%, to 26,115.65. With the stock market reaching records so often, 1,000-point moves in the Dow have become increasingly commonplace. The stock market is off to a stellar start in 2018.

Source: Irish Independent January 17, 2018 22:41 UTC