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Trump speech, Fed talk catapult Dow past 21,000

Published 03/01/2017, 04:08 PM
Updated 03/01/2017, 04:08 PM
© Reuters. Traders works on the floor of the New York Stock Exchange (NYSE) in New York

NEW YORK (Reuters) - The Dow blasted through the 21,000 mark for the first time on Wednesday after U.S. President Donald Trump's measured tone in his first speech to Congress lifted optimism and investors viewed a looming interest rate hike as a glass half full.

The Dow Jones Industrial Average (DJI) rose 303.31 points, or 1.46 percent, to 21,115.55, the S&P 500 (SPX) gained 32.31 points, or 1.37 percent, to 2,395.95 and the Nasdaq Composite (IXIC) added 78.59 points, or 1.35 percent, to 5,904.03.

Latest comments

And how it is possible that rate hike should be positive for stocks??????
you are talking about American stocks..I am thinking in India..how US rate hike is positive for Indian Stocks...India Index futures are trading near all time highs...
The market is totally rigged
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