Dow hits 20000 for the first time as stocks’ postelection rally continues – Los Angeles Times

The Dow Jones industrial average reached 20,000 points for the first time in history Wednesday as the stock market extended its rally in response to the election of President Trump and prospects for higher corporate profits.

Shortly before 9 a.m. PST, the famed average of 30 blue-chip stocks stood at 20,044.41, up 0.7% on the day. Earlier in the morning, it was as high as 20,082.00. 

The Standard & Poor’s 500 index and the Nasdaq composite, broader gauges of the market, also were trading at or near record highs. The S&P 500 was at 2,292.57, up 0.6%, and the Nasdaq was at 5,638.47, up 0.7%. 

It appeared the Dow would eclipse 20,000 points last month — the closing high of 19,974.62 was set Dec. 20 — but the market then moved largely sideways for the next four weeks before resuming its advance.

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