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Dow breaks above 20,000 as US stocks hit all-time highs
"Clearly, this has become a buy-high-sell-higher market with the Dow breaking above 20,000," said Terry Sandven, chief equity strategist at U.S. Bank Wealth Management. "Out of the gate, President Trump is moving along with his agenda."
"More importantly, earnings have been on the cusp of increasing, and that's going to be key to hold these valuations," Sandven said.
The Dow Jones industrial average broke above 20,000 for the first time, rising 130 points as Boeing and IBM contributed the most gains.
"Traders have been waiting for more details on infrastructure spending and now they have it in a very clear format," said Naeem Aslam, chief market analyst at Think Markets. "There is nothing bigger than this. A break of 20,000 for the Dow stimulates fresh capital which has been waiting for this moment to join this party."
The S&P 500 advanced 0.6 percent to a new all-time high, with industrials and financials leading advancers. The Nasdaq composite gained 0.7 percent, also notching a record high.
"Clearly, this has become a buy-high-sell-higher market with the Dow breaking above 20,000," said Terry Sandven, chief equity strategist at U.S. Bank Wealth Management. "Out of the gate, President Trump is moving along with his agenda."
"More importantly, earnings have been on the cusp of increasing, and that's going to be key to hold these valuations," Sandven said.
The Dow Jones industrial average broke above 20,000 for the first time, rising 130 points as Boeing and IBM contributed the most gains.
"Traders have been waiting for more details on infrastructure spending and now they have it in a very clear format," said Naeem Aslam, chief market analyst at Think Markets. "There is nothing bigger than this. A break of 20,000 for the Dow stimulates fresh capital which has been waiting for this moment to join this party."
The S&P 500 advanced 0.6 percent to a new all-time high, with industrials and financials leading advancers. The Nasdaq composite gained 0.7 percent, also notching a record high.
