FIRST TIME IN HISTORY – Dow Closes Above 19,000; Rally Continues Following Trump’s Victory
By Victoria Craig, Fox Business // November 22, 2016
Dow up 3.64% since Presidential Election
ABOVE VIDEO: Another record week on Wall Street continued as the major averages hit fresh record levels and the Dow Jones Industrial Average traded and closed above 19,000 for the first time ever.
(FOX BUSINESS) – Another record week on Wall Street continued as the major averages hit fresh record levels and the Dow Jones Industrial Average traded and closed above 19,000 for the first time ever.
By the closing bell, the Dow rose 67 points or 0.35% to 19,023, while the S&P 500 ticked up 4 points, or 0.22% to 2202, and the Nasdaq Composite gained 17 points, or 0.33% to 5386. Telecom, real estate, and consumer discretionary sectors led the gains.
Wall Street’s continued momentum came after notching closing highs on the Dow, S&P, Nasdaq, and Russell 2000 indexes during the prior session — the first time all four averages set new highs simultaneously since December 1999.
Since the surprise outcome of the U.S. election two weeks ago in which Donald Trump secured the White House, the Dow has rallied more than 667 points, or 3.64% as Wall Street has cheered the prospects of a round of infrastructure spending, renegotiated global trade deals, and a drawdown in regulation.
