The Dow reached a historical mark late last month when it eclipsed 30,000 points.
Local financial advisor Howie Pentony says it’s truly a remarkable feat for a market that plummeted just eight months ago.
“The market’s been booming. It was down 30 percent in March. It’s had a 60 percent rally since the bottom,” Pentony said.
Pentony said it’s also been interesting to watch that as the coronavirus surges across the United States, it hasn’t impacted the markets.
“The only thing I can think, is that stock markets look above and beyond,” Pentony said. “This market could be anticipating that one day we’ll move beyond this. We just don’t know when that is.”
On Friday, the Dow closed at 30,218 points.
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