Dow hits 22,000 for the first time ever

Dow hits 22,000 for the first time ever
Credit: studio 55 / Shutterstock.com

[Ed. – How do the MSM bury this story?]

The Dow Jones industrial average crossed the 22,000 mark for the first time Wednesday, boosted by a rally in Apple’s shares.

Apple jumped more than 6 percent in early trades — reaching an all-time high of $159.28 — a day after the world’s largest publicly listed company reported strong results and iPhone sales, and signaled its upcoming 10th-anniversary phone is on schedule.

The iPhone maker’s stock is up about 30 percent this year, giving it a market cap above $800 billion.

That sent the Dow trading above its latest milestone in the minutes after the market open on Wednesday, capping a slew of strong corporate earnings reports that have fueled investor exuberance despite political turmoil in Washington and President Trump’s inability to execute his pro-growth policies.

The Dow has now crossed four successive 1,000-point milestones since Trump was elected Nov. 8, when the Dow closed at 18,332.

Most recently, the Dow crossed 21,000 four months ago on March 1 — helped by a jump in banking behemoths Goldman Sachs and JPMorgan. The brief thousand point climb from 20,000 to 21,000 is matched only by the 24-trading day climb the Dow took to reach 11,000 on May 3, 1999.

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