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Updated: January 10, 2020

Dow hits a new record: 29,000 points

By Anneken Tappe | CNN Business

The Dow on Friday reached 29,000 points for the first time, as stocks climbed across the board.

It's been a choppy start to the year for stocks: Fears over a military conflict between the United States and Iran weighed on markets over the past several days. Meanwhile, hopes for calmer conditions on the trade front ahead of next week's signing of the "phase one" trade deal between America and China helped boost stocks.

The Dow rose as much as 44 points, or 0.2%, to cross 29,000 points. The index fell just short of that mark at Thursday's close, but still finished at a record high.

The broader S&P 500 and the Nasdaq Composite were up 0.2% and 0.3%, respectively. Both indexes also hit new all-time closing highs Thursday.

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