Displaying 30+ Stories
Associated Press

Stock Market Closes at All Time High


NEW YORK (AP) - Banks and other financial companies led U.S. stocks sharply higher, pushing the Dow Jones industrial average above 21,000 points for the first time.
Wednesday's gain was the biggest for the blue-chip index so far this year.
Energy companies also rose. Bank of America rose 3.8 percent and ConocoPhillips rose 3.1 percent.
The rally came a day after President Donald Trump reaffirmed plans to cut taxes and push for other business-friendly policies.
Bond prices fell and yields rose after New York Federal Reserve President William Dudley said the case for raising interest rates had gotten stronger.
The Dow jumped 303 points, or 1.5 percent, to 21,115.
The Standard & Poor's 500 index gained 32 points, or 1.4 percent, to 2,395. The Nasdaq composite increased 78 points, or 1.4 percent, to 5,904.



(Copyright 2017 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

Did you know?

God is everywhere—even in the news. That’s why we view every news story through the lens of faith. We are committed to delivering quality independent Christian journalism you can trust. But it takes a lot of hard work, time, and money to do what we do. Help us continue to be a voice for truth in the media by supporting CBN News for as little as $1.