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Dow has first close above 27,000 points

(KCRG)
Published: Jul. 11, 2019 at 8:36 PM EDT
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A turbulent day on Wall Street ended in the record books Thursday as the Dow Jones Industrial Average climbed above 27,000 for the first time and the S&P 500 index hit another all-time high.

The milestones came on a day when the S&P 500 briefly moved above 3,000 for the second straight day before a rally lost momentum.

The market lost some ground after an auction of long-term U.S. government bonds failed to drum up strong demand.

That pulled bond prices lower, sending yields sharply higher.

Copyright 2019 Associated Press. All rights reserved.

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