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Kiplinger
Kiplinger
Business
David Dittman

Dow Hits New High as Warsh Takes Fed Oath: Stock Market Today

(Image credit: Getty Images)

All three main equity indexes gapped up on Friday morning and rallied into the weekend, even as oil prices and bond yields remain elevated. There's a new leader in charge at the most important central bank in the world. And the oldest of those main stock indexes just hit another new high.

At the closing bell, the Dow Jones Industrial Average was up 0.6% at 50,579, a fresh all-time closing high. The Dow was up 2.1% for the week.

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