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.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
See the bright lights from these 7 big-city hotelsThe Week Recommends Immerse yourself in culture, history and nightlife
-
Scientists want to regrow human limbs. Salamanders could lead the way.Under the radar Humans may already have the genetic mechanism necessary
-
Seven wild discoveries about animals in 2025In depth Mice have Good Samaritan tendencies and gulls work in gangs
-
Economists fear US inflation data less reliablespeed read The Labor Department is collecting less data for its consumer price index due to staffing shortages
-
Crypto firm Coinbase hacked, faces SEC scrutinySpeed Read The Securities and Exchange Commission has also been investigating whether Coinbase misstated its user numbers in past disclosures
-
Starbucks baristas strike over dress codespeed read The new uniform 'puts the burden on baristas' to buy new clothes, said a Starbucks Workers United union delegate
-
Warren Buffet announces surprise retirementspeed read At the annual meeting of Berkshire Hathaway, the billionaire investor named Vice Chairman Greg Abel his replacement
-
Trump calls Amazon's Bezos over tariff displaySpeed Read The president was not happy with reports that Amazon would list the added cost from tariffs alongside product prices
-
Markets notch worst quarter in years as new tariffs loomSpeed Read The S&P 500 is on track for its worst month since 2022 as investors brace for Trump's tariffs
-
Tesla Cybertrucks recalled over dislodging panelsSpeed Read Almost every Cybertruck in the US has been recalled over a stainless steel panel that could fall off
-
Crafting emporium Joann is going out of businessSpeed Read The 82-year-old fabric and crafts store will be closing all 800 of its stores
