DOW Jones Industrial Average Goes over 20,000 for the First Time in History
The Trump Bump is Here! The waiting is finally over. The Dow crossing the historical 20,000 milestone, once seemed out of reach and had a science-fiction feel to it at the 2009 market low when the iconic stock index traded at 6,547 and 54% below its then-peak – is now a reality.
In a historic moment on Wall Street, the Dow Jones industrial average eclipsed the 20,000 level Wednesday for the first time in its 120-year history. The Dow jumped more than 100 points at the open of trading to hit an intraday record high of 20,033.77.
The market has been marching steadily higher since bottoming out in March 2009 in the aftermath of the financial crisis. However, The DOW has really taken off since the election of Donald Trump as U.S. president in November. Serveral times the market has come close to the historical 20,000 but it never officially went over 20,000 until today!
The Dow was up 102 points, or 0.56 percent, to 20,018.
The Nasdaq rose 48 points, or 0.9 percent, to 5,600. The Standard & Poor’s 500 index rose 10 points, or 0.5 percent, to 2,290.
This is a breaking news story, we will update you with today’s close at end of business today!