The
Dow Jones industrial average just jumped 1,000 points in 24 trading days, vying
for one of the fastest jumps on record.
If
the Dow closes above 21,000 on Wednesday, that ties it with the index's run in
1999, when the Dow climbed from 10,000 to 11,000 in 24 trading days, according
to Ryan Detrick, senior market strategist at LPL Financial.
The
1,000-point moves become less impressive on a percentage basis, however.
The
Dow climbed 10 percent in 1999, while it's risen only 5 percent in the move
from 20,000 to 21,000.
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