The Dow Jones Hit 23,000 — Just Six Weeks After Topping 22,000

Just six weeks after smashing the 22,000 mark, the Dow Jones has hit another record high, topping 23,000 in midday trading on Tuesday.

The 134-year-old index is on track for its fourth-fastest 1,000-point increase, if it closes at or above the 23,000-point level.

Image: Traders celebrate on the main trading floor of the NYSE as the Dow Jones Industrial Average passes 20,000 after opening of trading session in New York Image: Traders celebrate on the main trading floor of the NYSE as the Dow Jones Industrial Average passes 20,000 after opening of trading session in New York

Traders on the main trading floor of the New York Stock Exchange (NYSE). Brendan McDermid / Reuters

“Every time we get a milestone like that, it seems like mainstream America pays more attention to financial markets,” Art Hogan, chief market strategist at Wunderlich Securities, told CNBC.

In addition to a strong quarter for corporate earnings plus solid global economic growth, the recent stock market rally has been attributed to President Donald Trump’s business-friendly plans, including corporate tax breaks, deregulation, and infrastructure spending.

The Dow Jones is up 26 percent since Trump’s election in November 2016.


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