Dow closes above 50,000 for first time since Iran war began
US stocks closed higher on Thursday, with the Dow Jones Industrial Average finishing above the 50,000 level for the first time since the start of the war with Iran, rising 370.26 points, or 0.7%, to 50,063.46, The Associated Press reported.
The S&P 500 gained 0.8% to set a record high for a second consecutive session, while the Nasdaq composite rose 0.9% to another all-time high.
Cisco Systems led gains after reporting stronger-than-expected quarterly earnings, with its shares jumping 13.4% for their best performance in nearly 15 years.
