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Market Extra: Dow Jones Industrial Average’s 6-month drought nears an end

Is it time for Wall Street to break out the Dow 27,000 hats that were summarily shelved back in October as a stock-market rally ran out of steam?

It’s hard to say for certain, but the Dow Jones Industrial Average DJIA, +0.64% nonetheless, is on the verge of not just a fresh psychological milestone but also its first record in six months.

As of Thursday, the Dow stood less than 2% (about 1.7%) shy of its record close at 26,828.39 that was put in on Oct. 3. That all-time high gave way to a global equity rout widely blamed on a combination of worries about the pace of rate hikes by the Federal Reserve and the unresolved tariff conflict with China.

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