Dow Trades Above 20,000 for First Time 1 234 567

Dow Trades Above 20,000 for First Time

voanews.com

The Dow Jones industrial average, the most well-known U.S. stock market index, closed above 20,000 for the first time Wednesday (20.068.51). The Standard & Poor's 500, a broader index, also reached a record high.

Investors have apparently been encouraged by President Donald Trump's promise to cut regulation and reduce taxes. Businesses often complain that taxes and rules make it more difficult to make profits.

The Dow is up about 9.5 percent since the election. While the...

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