Finally! Dow Hits 20,000 at Opening Bell

The Dow Jones Industrial Average finally pushed past the 20,000 milestone after teetering close to that level weeks earlier.
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The Dow Jones Industrial Average finally pushed past the 20,000 milestone after teetering close to that level weeks earlier. The road to 20,000 has been nail-biting. The Dow rose to within a point of the level on Jan. 6 before quickly backing off.

The blue-chip index then withdrew from the milestone over the past several weeks on concerns over Donald Trump's policies, particularly protectionist trade moves.

It took 64 days for the Dow to reach 20,000 after passing 19,000 for the first time. Markets initially rallied in the two months following Trump's unexpected win in November. Investors had placed big bets that a Trump administration would lead to higher infrastructure spending and looser financial regulations.

Director of Equities at O'Neil Securities Kenny Polcari, speaking on the floor of the NYSE, said "investors and traders get drawn to these big round numbers." Polcari said that if stocks continue to climb, 20,000 could become a level of resistance and that will make it more important.