Dow Jones Hits Historic High of 20,000

Leo Timm
By Leo Timm
January 25, 2017News

The Dow Jones industrial average crossed the 20,000 mark for the first time in early trading Wednesday, the latest milestone in a record-setting drive for the stock market. The other major U.S. stock indexes were also moving higher, led by banks and other financial companies, as investors pored over the latest batch of company earnings and deal news.

The Dow gained 108 points, or 0.6 percent, to 20,021 as of 9:58 a.m. Eastern Time. The Standard & Poor’s 500 index rose 11 points, or 0.5 percent, to 2,291. The Nasdaq composite index added 38 points, or 0.7 percent, to 5,639.

The market has been marching steadily higher since bottoming out in March 2009 in the aftermath of the financial crisis. The rally continued after the election of Donald Trump as U.S. president last fall. The Dow first closed above 10,000 on March 29, 1999.


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