Dow closes over 19,000 as Trump rally continues
(November 22) The US stock rally evident on Monday continued on Tuesday with the Dow Jones briefly breaking through the 19,000 level for the first time in history.
|On Monday all four major US stock indices closed at record highs. The prices of energy stocks rose as investors see OPEC countries finalizing a deal to cut oil production a move that will help support oil prices. The Standard & Poor 500 closed at a record high of 2198.18 rising 16.28 points. The Nasdaq rose 0.9 percent or 47.35 points to close at the all-time high of 5368.86. The Russell 2000 rose half a percentage point or 6.59 points to 1322.23. The Dow Jones Industrial average also gained a half percentage point or 88.76 percent to a record close of 18,956. This is the first time that all four indices set a record in one day since way back on December 31st 1999 according to Ryan Derrick who is the senior market strategist for LPL Financial.|