• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

2

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

3

Now worth $200 million, Sarah Jessica Parker credits being ‘one of eight kids that struggled financially’ for her hunger, ambition, and work ethic

1

Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

2

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

3

Now worth $200 million, Sarah Jessica Parker credits being ‘one of eight kids that struggled financially’ for her hunger, ambition, and work ethic
Finance

Dow tops 18,000 for the first time after an upbeat GDP report

By
Tom Huddleston Jr.
Tom Huddleston Jr.
Down Arrow Button Icon
By
Tom Huddleston Jr.
Tom Huddleston Jr.
Down Arrow Button Icon
December 23, 2014, 10:17 AM ET
Stocks Continue Downward Slide
NEW YORK, NY - DECEMBER 04: A trader works on the floor of the New York Stock Exchange on December 4, 2013 in New York City. The Dow Jones Industrial Average dipped over 100 points during trading before bouncing back to approximately 15,900; the market peaked at a record high last month at over 16,000 points. (Photo by Andrew Burton/Getty Images)Photograph by Andrew Burton — Getty Images
Add Fortune on Google for similar content.

The Dow Jones industrial average closed above 18,000 for the first time ever Tuesday, marking yet another milestone in a year of record highs.

The Dow finished with a gain of 65 points, or 0.4%, at 18,024 — an all-time closing high for the index. The Dow Jones first crossed the psychological milestone one day after jumping 155 points to put itself within striking distance of 18,000.

The broader S&P 500 gained 4 points, or 0.2 percent, finished at another record high, while the Nasdaq Composite ended in slightly negative territory, pressured by a drop in biotech stocks.

The Dow, along with the broader U.S. market, has received a boost over the past few trading days after the U.S. Federal Reserve said last week that it will take a patient approach to its planned interest rate hikes in 2015. Tuesday’s positive news from the U.S. Commerce Department, which included an upward revision of its third-quarter gross domestic product estimate, also spurred market gains.

The Dow Jones came tantalizingly close to hitting 18,000 points earlier this month, but a prolonged market sell-off saw the blue-chip index lose more than 880 points over a nearly two-week period before a major stock rebound midway through last week.

In early July, a strong jobs report boosted the stock market, sending the Dow Jones over the 17,000-point mark for the first time. Since then, the market has endured a roller-coaster ride that included a broad sell-off in October that basically erased all of the year’s gains and sent the Dow Jones tumbling below 16,000 points, briefly. Stocks rebounded throughout November with a string of record finishes pushing the Dow Jones and S&P 500 to all-time highs.

Fears over numerous global concerns — sluggish global economy, strife in Ukraine and Hong Kong and the worldwide outbreak of ebola — as well as the Federal Reserve’s interest rate hike planned for 2015, are among the factors that have affected the market in recent months, causing several turbulent stretches. As of last week, though, investors seem fairly pleased with the Fed’s plan to be patient and measured when it comes time for interest rates to rise.

About the Author
By Tom Huddleston Jr.
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Finance

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Finance

Forget the ceasefire — The U.S. and Iran are still locked in combat over the Strait of Hormuz as Tehran tries to shut down a competing route
Middle EastIran
Forget the ceasefire — The U.S. and Iran are still locked in combat over the Strait of Hormuz as Tehran tries to shut down a competing route
By Jason MaJune 27, 2026
9 hours ago
The contrarian view for Fed rate cuts: Payrolls will weaken, inflation will plunge, and Kevin Warsh was ‘largely performative’ in his hawkishness
EconomyFederal Reserve
The contrarian view for Fed rate cuts: Payrolls will weaken, inflation will plunge, and Kevin Warsh was ‘largely performative’ in his hawkishness
By Jason MaJune 27, 2026
9 hours ago
Atlanta Fed chief selection delay gives Warsh a say
BankingFederal Reserve
Atlanta Fed chief selection delay gives Warsh a say
By Jonnelle Marte, Saleha Mohsin and BloombergJune 27, 2026
17 hours ago
SpaceX, Charter discussed mobile phone partnership in U.S.
North Americaspace
SpaceX, Charter discussed mobile phone partnership in U.S.
By Kelcee Griffis and BloombergJune 27, 2026
17 hours ago
S&P keeps U.S. sovereign rating at AA+ with stable outlook
EconomyDebt
S&P keeps U.S. sovereign rating at AA+ with stable outlook
By Michael Mackenzie and BloombergJune 27, 2026
17 hours ago
erik
AIJobs
‘It’s not going away’: The Stanford economist who called the AI entry-level jobs crisis early has the receipts
By Nick LichtenbergJune 27, 2026
18 hours ago

Most Popular

Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster
Success
Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster
By Preston ForeJune 27, 2026
21 hours ago
MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year
Success
MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year
By Sydney LakeJune 25, 2026
3 days ago
Now worth $200 million, Sarah Jessica Parker credits being ‘one of eight kids that struggled financially’ for her hunger, ambition, and work ethic
Success
Now worth $200 million, Sarah Jessica Parker credits being ‘one of eight kids that struggled financially’ for her hunger, ambition, and work ethic
By Orianna Rosa RoyleJune 24, 2026
4 days ago
The 33-year-old executive Satya Nadella is trusting to fix Microsoft’s Copilot AI assistant
AI
The 33-year-old executive Satya Nadella is trusting to fix Microsoft’s Copilot AI assistant
By Sebastian HerreraJune 27, 2026
22 hours ago
The end of Putin’s regime will spring from war spending chaos, former central bank advisor says, amid military mutiny threat and fuel-shortage brawls
Europe
The end of Putin’s regime will spring from war spending chaos, former central bank advisor says, amid military mutiny threat and fuel-shortage brawls
By Jason MaJune 27, 2026
13 hours ago
Big Short legend Steve Eisman says everyone is buying the wrong AI stocks
Investing
Big Short legend Steve Eisman says everyone is buying the wrong AI stocks
By Shawn TullyJune 27, 2026
23 hours ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.