Dow jones industrial average breaks through 20,000 milestone _ wsbt

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Strong earnings from Boeing and other big companies helped push the Dow past the threshold early on. Euro stock market U.S. Stock market futures after hours stocks closed solidly higher, lifting the Standard & Poor’s 500 index and Nasdaq composite to record highs of their own for the second day in a row.

Banks and other financial companies led the gainers, which included technology and industrials. Funny quotes about life Real estate, phone companies and other high-dividend stocks lagged the broader market as bond yields rose.

“It’s a psychological event to get through that big hurdle, that big round number,” said Jeff Kravetz, regional investment strategist at U.S. Verizon troubleshooting number Bank’s Private Client Reserve. Baby pregnancy calculator “It’s really symbolic of what’s going on with investor sentiment becoming much more positive, and that’s going to drive stock prices higher.”

The Dow, which tracks 30 major industrial companies, gained 155.80 points, or 0.8 percent, to 20,068.51. Usd to ntd The S&P 500 index rose 18.30 points, or 0.8 percent, to 2,298.37. Exchange rate uk to us The Nasdaq added 55.38 points, or 1 percent, to 5,656.34.

The market has been marching steadily higher since bottoming out in March 2009 in the aftermath of the financial crisis. Gbp to usd converter The rally continued after the election of Donald Trump as U.S. The binary system president last fall. Usa today coaches poll The Dow first closed above 10,000 on March 29, 1999.

Wednesday’s rally came against a backdrop of optimism on Wall Street that executive actions and policy goals announced by the Trump administration this week on trade, manufacturing and business deregulation will be good for corporate America.


“Whether it’s tax reform or infrastructure spending, any of those tend to be optimistic conversations for the markets currently,” said Darrell Cronk, president of Wells Fargo Investment Institute. Pound to euro forecast 2016 “We have to wait and see how they play out, obviously. Pound vs dollar exchange rate history The danger here, if there is one, is that the market gets ahead of itself a little bit.”

Most professional investors are skeptical the Dow at 20,000 will have much effect on the market. Euro price today in pakistan They more often look to the S&P 500 index as a benchmark, because they consider it better representation of the broad market.

“In and of itself, it is just a number,” said Quincy Krosby, market strategist at Prudential Financial. Inr to usd exchange rate today “But what it does is it lifts market expectations, in essence, to continue moving higher.”

If the Dow reaching 20,000 has any impact, it will likely be a psychological one. Binary to octal Investors have been leery of the stock market for years, unable to stomach the prospect of losing more than 50 percent of their money for a second time if another financial crisis hits.

Last year, investors pulled a net $27.1 billion out of U.S. Usd to inr conversion rate today stock mutual funds and exchange-traded funds, according to Morningstar. Fx rate gbp usd A year earlier, they yanked $66.5 billion. Decoding activities Over the same time, investors plugged a total of $218.6 billion into taxable bond funds.

Anyone who resisted the urge to dump their stock investments through all the tumult of the last decade is now seeing the full benefit of a market with the Dow at 20,000.

A $10,000 investment in the largest U.S. Famous quotes about family stock mutual fund made a decade ago, before the Great Recession began, would have dropped below $5,000 by March 2009. Binary digit But investors who held on even through the worries of another recession hitting, U.S. Stock futures cnn debt downgrade, the euro crisis and uncertainties over Britain’s departure from the European Union would now be sitting on nearly $20,000.

Investors also bid up shares in Rockwell Automation, which rose $10.98, or 7.7 percent, to $153.01, and Logitech, which vaulted 15.5 percent. Usd to inr graph The computer gaming and accessories maker’s shares added $3.90 to $29.

Textron slumped 5.4 percent after the defense contractor’s fourth-quarter revenue missed financial analysts’ estimates. Gold price forecast today The company also announced it is buying snowmobile maker Arctic Cat in a deal valued at about $247 million. Cnn premarket futures stocks markets Textron was the biggest decliner in the S&P 500, sliding $2.65 to $46.73.

Earlier in Asia, Tokyo’s Nikkei 225 surged 1.4 percent after Japan’s government said that the nation had a trade surplus in 2016, its first in six years. Aed to usd Hong Kong’s Hang Seng rose 0.4 percent. Conversion rate usd to inr South Korea’s Kospi rose 0.1 percent.

Energy prices mostly declined. Used book stores denver Benchmark U.S. Binary to decimal crude fell 43 cents to $52.75 a barrel in New York. Pound to usd conversion rate Brent crude, used to price international oils, slid 36 cents at $55.08 a barrel in London.

Among metals, the price of gold slid $13, or 1.1 percent, to $1,197.80 an ounce. Usd trend Silver fell 21 cents to $16.98 an ounce. Usd to nzd exchange rate Copper was little changed at $2.71 a pound.

In other energy trading, wholesale gasoline fell 5 cents to $1.52 a gallon, while heating oil slid 3 cents to $1.61 a gallon. Aed to usd converter Natural gas futures rose 5 cents, or 1.6 percent, to $3.33 per 1,000 cubic feet.

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