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
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)

(Newser) – 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. (Read more Dow Jones stories.)

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