Dow hits milestone 19,000 as stocks rise on Trump-induced euphoria
The Dow industrials on Tuesday traded above 19,000 for the first time ever--a milestone level for the blue-chip benchmark. The ascent for the Dow Jones Industrial Average which carved out a fresh record close of 18,956.69 less than 24 hours ago, comes as three other major stock-market benchmarks also hit historic highs, including the S&P 500 index , which was trading above 2,200, the Nasdaq Composite Index and the small-cap index Russell 2000 . A multisession rally for equities comes on the heels of President-elect Donald Trump's surprising victory against Democrat Hillary Clinton. Trump's proposals to deregulate certain markets, including banking, and rev up investing in the countries worn-out bridges, tunnels and roads has delivered a jolt to the broader equity market. MarketWatch's William Watts touches on some of the stats related to the Dow's historic move in this piece.
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