The Dow Jones industrial average climbed above 21,000 for the first time ever Wednesday, following President Trump's well-received address Tuesday to a joint session of Congress. Goldman Sachs contributed most of Wednesday's gains, which saw the Dow jump 200 points en route to breaking the record.
Wednesday's high follows the Dow hitting 20,000 for the first time Jan. 25, five days after Trump's inauguration, and is just the latest development for the fourth-longest bull market in the Dow's 120-year history. "While it's understandable that these things take time to plan and implement properly, markets have been way ahead of the game since Trump's victory and there comes a time when we need to know exactly what they're rallying on," Craig Erlam, a senior market analyst at trading information company Oanda, told CNBC.
The Dow bottomed out at 6547.05 in March 2009, following the housing crisis.