Dow 20,000 – a milestone that seemed out of reach and had a science-fiction feel to it at the 2009 market low when the iconic stock index traded at 6,547 and 54% below its then-peak – is now a reality.
In a historic moment on Wall Street, the Dow Jones industrial average eclipsed the 20,000 level today for the first time in its 120-year history. The Dow jumped more than 100 points at the open of trading to hit an intraday record high of 20,033.77.
It took the Dow, a stock gauge made up of 30 of America’s best-known blue chip companies, just 64 calendar days to climb from 19,000 to 20,000, its second-fastest sprint from one 1,000-point marker to the next, according to S&P Dow Jones Indices. The climb from 10,000 to 11,000 back in 1999 took 35 days. Read more at USA TODAY.
{Matzav.com}
