Dow Jones Industrial Average crosses 21,000 for the first time

Traders work on the floor at the New York Stock Exchange on Wall Street in New York on February 17. The Dow Jones Industrial Average crossed the 21,000 threshold for the first time on Wednesday. Photo by John Angelillo/UPI

March 1 (UPI) — The Dow Jones Industrial Average crossed the 21,000 mark on Wednesday, an all-time high.

The index of stocks was up 1.1 percent, or about 230 points, immediately after Wednesday’s start, to 21,041. The Standard & Poor’s 500 and Nasdaq Composite indices also saw slight gains.

The Dow crossed the 19,000, 20,000 and now 21,000 thresholds since 2016’s Election Day, and if it finishes the trading day Wednesday above 21,000, it will signify a tie for the fastest thousand-point increase in its history. It will have moved from 20,000 to 21,000 in 24 trading sessions, as did the climb from 10,000 to 11,000 in 1999.

The milestone came the day after President Donald Trump presented a tone of optimism in his address to Congress, although it lacked specifics about tax reform and deregulation, two elements of the post-Election Day increase in the Dow. A probable interest rate rise by March was also taken into account by investors, The Wall Street Journal said Wednesday.


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