Dow Closes Above 20K for First Time

S&P 500, Nasdaq also close higher
By Newser Editors and Wire Services
Posted Jan 25, 2017 3:14 PM CST
Dow Closes Above 20K for First Time
Specialist Mario Picone adjusts his Dow 20,000 cap as he works on the floor of the New York Stock Exchange, Wednesday, Jan. 25, 2017.   (AP Photo/Richard Drew)

The Dow Jones industrial average closed above 20,000 points for the first time, the latest milestone in a record-setting drive for the stock market, the AP reports. It's been two months since the Dow crossed 19,000 points. Other major US indexes also closed at all-time highs Wednesday. Banks and other financial companies posted the biggest gains. Wells Fargo jumped 3.7%. Industrial companies also rose sharply. Boeing surged 4.2%, the biggest gain in the Dow. The Dow, which tracks 30 major industrial companies, surged 155 points, or 0.8%, to 20,068. The Standard & Poor's 500 index rose 18 points, or 0.8%, to 2,298. The Nasdaq composite rose 55 points, or 1%, to 5,656. (More Dow Jones stories.)

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