The stock market shattered yet another milestone Wednesday, with the Dow Jones Industrial Average reaching 22,000 points for the first time.
The 131-year-old index received a 50-point boost from Apple, whose shares saw a 6 percent hike after Tuesday’s strong earnings report.
“Stock Market could hit all-time high (again) 22,000 today,” President Donald Trump had tweeted early on Tuesday morning, as stocks approached the milestone figure. “Was 18,000 only 6 months ago on Election Day. Mainstream media seldom mentions!”
Markets have been on a steady upward trajectory since last fall, with optimism about a more business-friendly administration helping to drive the Dow Jones through the 20,000 barrier on November 22, 2016, before rising to a new record of 21,000 on March 1.