Dow closes above 20,000 for first time as Trump executive orders send stocks flying
U.S. equities closed at all-time highs on Wednesday after a series of executive orders from President Donald Trump increased bullish sentiment on Wall Street, while financials outperformed. The Dow Jones industrial average broke above 20,000 for the first time, rising about 150 points as Boeing, Goldman Sachs and IBM contributed the most gains. "People are seeing that the administration is carrying through with some of the things they promised," said John Stadtler, head of U.S. Financial Services Industry Practice at PwC. "It looks like long-term capital gains are here to stay."