Dow breaks 20,000 points for first time in its 120-year history

Dow Jones breaks record.
(Image credit: Spencer Platt/Getty Images)

Less than one week after President Trump took office, the Dow Jones Industrial Average made history Wednesday by opening for the first time ever above 20,000 points. The Dow, which has consistently rallied since Trump won the presidential election in November, has been hovering right below 20,000 for more than a month; on Jan. 6, it came within just one point of the breakthrough.

Reuters reported Wednesday's boost was due to the numerous executive orders Trump has signed since taking office Friday, including his revivals of the Keystone and Dakota Access oil pipelines. Because of Trump's vows to roll back regulations, energy companies and financial services have seen the biggest jumps in their stocks.

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