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Dow Closes Above 19,900 for First Time

Ended day up 115 points
By Newser Editors and Wire Services
Posted Dec 13, 2016 3:11 PM CST
Dow Closes Above 19,900 for First Time
Trader Michael Milano works on the floor of the New York Stock Exchange, Tuesday, Dec. 13, 2016.   (AP Photo/Richard Drew)

(Newser) – Major US stock indexes set records again Tuesday as energy companies continued to climb following international deals that will cut oil production, the AP reports. Big-name technology companies like Apple and IBM also traded higher as the Dow Jones industrial average closed above 19,900 for the first time. On Tuesday, the Dow gained 114.78 points, or 0.6%, to 19,911.21. The Standard & Poor's 500 index added 14.76 points, or 0.7%, to 2,271.72. The Nasdaq composite rose 51.29 points, or 0.9%, to 5,463.83. For the week, the Dow is up 154.36 points, or 0.8%. For the year, the Dow is up 2,486.18 points, or 14.3%. (Read more Dow Jones stories.)

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