Dow hits 20,000 for 1st time

Wed., Jan. 25, 2017

Specialist Frank Masiello wears a Dow 20,000 cap as he works on the floor of the New York Stock Exchange, Wednesday, Jan. 25, 2017. The Dow Jones industrial average is trading over 20,000 points for the first time, the latest milestone in a record-setting drive for the stock market. The market has been marching steadily higher since bottoming out in March 2009 in the aftermath of the financial crisis. (AP Photo/Richard Drew)

By D.F. Oliveria daveo@spokesman.com (509) 319-0354

The Dow Jones industrial average reached 20,000 points for the first time in history Wednesday as the stock market extended its rally in response to the election of President Donald Trump and prospects for higher corporate profits.

The famed average of 30 blue-chip stocks stood at 20,027 points in early trading, up 114 on the day.

The Standard & Poor’s 500 index and the Nasdaq composite – broader gauges of the market – also were trading at or near record highs/ Los Angeles Times . More here .

* This story was originally published as a post from the blog "Huckleberries Online." Read all stories from this blog