Dow Jones opens at new record high, targets 29,000

US stocks opened at fresh all-time highs today, as Dow Jones heads toward breaching the 29,000 barrier, as the market's focus shifted from the geopolitical tensions to the latest economic data.

Data showed today that the US unemployment claims fell by 9,000 to 214,000 during the past week.

While the monthly jobs report will be released tomorrow, which provides insight on the strength of the US labor market and its ability to add more jobs.

Worries about the US-Iran geopolitical tensions eased after President Donald Trump stated that the Iranian attacks against the US air base in Iraq did lead to any casualties, in addition to Iran standing down after vowing to revenge the killing of Qassem Soleimani.

As for stocks, Dow Jones rose by 0.4% or 115 points to 28,860, (after breaching 28,900 points in the start of the session), Nasdaq rose by 0.7%  or 66 points to 9,195, and S&P 500 rose by 0.4% or 14 points to 3,267.