MARKETS_ Dow Jones industrial average breaks through 20,000 milestone

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Dow Jones industrial average breaks through 20,000 milestone

January 26, 20178:51am



A television screen on the floor of the New York Stock Exchange headlines the Dow Jones industrial average on Wednesday, January 25, 2017. Picture: Richard Drew/AP
AP


THE Dow Jones industrial average crossed the 20,000 mark for the first time Wednesday, the latest milestone in a record-setting drive for the stock market.

Strong earnings from Boeing and other big companies helped push the Dow past the threshold early on and had US stocks solidly higher in late-afternoon trading. The Standard & Poor’s 500 index and Nasdaq composite were on course for record highs of their own after each closed at all-time highs on Tuesday. Financial and industrial stocks were leading the gainers, while real estate, phone companies and other high-dividend stocks were among the biggest laggards as bond yields rose.


Great! #Dow20K https://t.co/wXFhXBLgag
— President Trump (@POTUS) January 25, 2017


The Dow, which tracks 30 major industrial companies, gained 150 points, or 0.8 per cent, to 20,062 as of 3:30pm. Eastern Time. The S&P 500 index rose 17 points, or 0.8 per cent, to 2,297. The Nasdaq added 50 points, or 0.9 per cent, to 5,651.

READ MORE: http://www.news.com.au/finance/markets/world-markets/dow-jones-industrial-average-breaks-through-20000-milestone/news-story/87fd979294515e4055598901819fb888

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