BREAKING: Dow Jones Industrial Average Smashes Through 20,000 For First Time Ever
By Foxbusiness.com // January 25, 2017
Strength in the materials and financials sectors
After a brief hiatus, the Dow Jones Industrial Average resumed its march toward 20000, crossing the no-longer elusive milestone on Wednesday as President Donald Trump demonstrates his seriousness about fulfilling campaign promises of lower taxes, less regulation, and more fiscal spending.
The blue-chip index’s march to the psychologically-significant level has captivated Wall Street since Trump’s surprise election in November.
After blowing past the 19000 mark just 14 trading days after Election Day,Opens a New Window. and coming within a fraction of a point of 20K, the index stalled as investors awaited more concrete evidence the president would follow through on the issues he championed on the campaign trail.
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