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The Dow Jones reaches 29,000 for the 1st time in history

Specialist Anthony Rinaldi, left, and trader Brandon Barb work on the floor of the New York Stock Exchange, Friday, Jan. 10, 2020. Stocks are off to a mixed start on Wall Street after the government reported that U.S. employers eased back on hiring last month. Photo: AP/Richard Drew
Specialist Anthony Rinaldi, left, and trader Brandon Barb work on the floor of the New York Stock Exchange, Friday, Jan. 10, 2020. Stocks are off to a mixed start on Wall Street after the government reported that U.S. employers eased back on hiring last month.

Updated: January 10, 2020 12:53 PM

The Dow Jones Industrial Average reached a record high Friday morning, briefly touching 29,000 for the first time in history.

Investors continued to push stocks higher despite a Friday Labor Department jobs report that fell short of economists expectations, and as geopolitical tensions mount between the U.S. and Iran.

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The S&P 500 and Nasdaq similarly saw gains despite a volatile trading week.

The Dow's gains were led by pharmaceutical maker Pfizer -- possibly because of the notable gains in health care jobs in Friday's jobs report -- as well as tech giants.

President Donald Trump tweeted just prior to the Dow surpassing 29,000, writing that this has never happened before and, preemptively congratulating himself, writing: "The best is yet to come!"

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ABC News

Copyright 2020 - KSTP-TV, LLC A Hubbard Broadcasting Company

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