Dow Jones Industrial Average closed at a new all-time high of 52,900 on Thursday, up 1.1%, as old-economy blue chips shrugged off the tech wreck.
Wells Fargo raised its S&P 500 year-end target to 7,950 from 7,007, and crucially, it was driven by higher earnings estimates, not multiple expansion — a signal the bank sees real profit growth, not just speculation.
Gold bounced back toward $4,064/oz after Fed Chair Kevin Warsh said...
