A Dow Milestone: 19,000 Hit for First Time
As the S&P 500 crosses 2,200
By Newser Editors and Wire Services
Posted Nov 22, 2016 8:59 AM CST
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Anthony Riccio, center, works with fellow traders on the floor of the New York Stock Exchange, Wednesday, Nov. 9, 2016.   (AP Photo/Richard Drew)

(Newser) MarketWatch credits "Trump-induced euphoria" in its headline: The Dow on Tuesday hit 19,000 for the first time at open, a milestone that followed Monday's record close of 18,957. The S&P 500 also passed 2,200. The AP earlier reported that global stocks rose Tuesday, buoyed by hopes that OPEC will support the price of oil with a production cut. The Wall Street Journal reports oil prices continue to hang around a three-week high in anticipation of a possible end-of-month OPEC deal. "Rising commodity prices do help," one senior portfolio manager with Robeco tells the Journal. "But I think there is also a bit of an upbeat mood about the [Donald] Trump election."

 

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