The Dow Jones industrial average hit record-breaking highs this morning when it surpassed 20,000.
This is a threshold the market’s been within reach of since Christmas.
This is a historic high for Dow Jones—the market index that measures the performance of the United States’ largest 30 companies.
Check it out (via The Guardian):
The Dow, which first nearly topped 20,000 on 13 December and again on 6 January, when it came within 0.37 points of the landmark, finally broke through after the opening bell was rung on Wall Street by Ashton Poole, CEO of lender Triangle Capital. The closing bell will be rung by executives from InBev, brewers of Stella Artois but whether the Dow’s rise will go flat by then remains to be seen.
The market had rallied sharply in the wake of Donald Trump’s presidential victory but seemed to loose steam ahead of his first day in office. It broke the barrier of Wednesday after infrastructure stocks rose sharply ahead of the market’s open, boosted by Trump’s renewed pledge to build a wall along the Mexican border and talks of massive infrastructure investment. A rise in Boeing’s shares, which reported better than expected results Wednesday, and the continued rally in the financial sector that has accompanied Trump’s win also helped push the Dow over the line.
President Trump is celebrating this victory for business in the U.S. and tweeted this morning.
The Dow Jones industrial average is oftentimes considered an indicator of the state of business and the economy here in the U.S.Note: The author of this article has included commentary that expresses an opinion and analysis of the facts.