NEW YORK (AP) — The Dow Jones industrial average closed above 20,000 points for the first time, the latest milestone in a record-setting drive for the stock market.
It’s been two months since the Dow crossed 19,000 points. Other major U.S. indexes also closed at all-time highs Wednesday.READ MORE: UPDATE: Fire Destroys 2 Pleasant Hill Homes Near I-680; Firefighter Suffers Burns
Banks and other financial companies posted the biggest gains. Wells Fargo jumped 3.7 percent.
Industrial companies also rose sharply. Boeing surged 4.2 percent, the biggest gain in the Dow.READ MORE: 9th Circuit Grants Stay On Lifting California’s Assault Weapon Ban
The Dow, which tracks 30 major industrial companies, surged 155 points, or 0.8 percent, to 20,068.
The Standard & Poor’s 500 index rose 18 points, or 0.8 percent, to 2,298. The Nasdaq composite rose 55 points, or 1 percent, to 5,656.
Bond prices fell. The yield on the 10-year Treasury note rose to 2.52 percent.MORE NEWS: Raiders' Carl Nassib Becomes 1st Active NFL Player To Come Out As Gay
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