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Added on the 17/01/2019 17:21:01 - Copyright : Wochit
The Dow Jones Industrial Average broke above 20,000 points at the New York Stock Exchange for the first time Wednesday morning, setting a new record on Wall Street. The second-oldest stock market index in the US nearly reached this landmark on two previous occasions before reaching the once evasive mark at the opening bell. At the trading day's closing bell, the index had set a record high of 20,068. The DJIA, also known as the Dow 30, measures the performance of the 30 largest publicly owned companies trading in the US. Apple, Goldman Sachs and ExxonMobil are among some of those companies.
The Dow managed to close at another record high, but disappointing bank earnings helped kill the stocks rally. Fred Katayama reports that stock index futures fell after hours.
Stocks couldn't hold onto early gains, but the S&P 500 and Dow managed to end at fresh record highs. Fred Katayama reports.
Stocks moved higher for the second day in a row, led by gains in beaten-down financial shares after JPMorgan's better-than-expected results. Bobbi Rebell reports.