Dow cracks 20,000 for the first time ever

The Dow Jones Industrial Average on Wednesday hit the psychologically significant threshold of 20,000 in intraday trade, representing a milestone for the blue-chip gauge and highlighting a relatively speedy path higher for the stock market in the wake of Donald Trump’s election win in November.

The Dow DJIA, +0.60% is up about 9% since Trump’s Nov. 8 election victory, the S&P 500 index SPX, +0.54% has gained nearly 7%, while the Nasdaq Composite Index COMP, +0.68% has advanced roughly 8% during that period.

The equity rally is supported by expectations that Trump will unleash a raft of pro-business policies, including a rollback of regulations, tax cuts and fiscal spending.