Dow tops 22,000 points for the first time ever

Right after Wednesday morning's opening bell, the Dow Jones industrial average topped 22,000 points for the first time ever. The roughly 0.2 percent overall surge was spurred by big gains from Apple, which posted a 6 percent bump based on optimism about the upcoming iPhone that brought the company to a record high.

On Tuesday, President Trump tweeted about the impending milestone, noting the "stock market could hit [an] all-time high (again) ... was 18,000 only six months ago." If the Dow closes Wednesday's trading up, it will be the average's sixth straight record day, and the 49th such day since Trump was elected. The Dow is up more than 3,600 points since Election Day.

"The market has shattered records despite Trump's political troubles," CNN Money notes, "suggesting they are no longer intertwined.

Subscribe to The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE

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.

Sign up