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Dow flirts with a fresh milestone: 22,000

FactSet, iStockphoto

Dow’s 1,000-point milestones in 2017.

The Dow Jones Industrial Average on Tuesday stepped ever closer to a psychological milestone at 22,000. The 30-component Dow industrials DJIA, +0.30% hit the latest in a string of all-time highs on Monday finished up 0.3% at 21,891.12 and was set to storm higher in Tuesday trade. The Dow last hit 21,000 on March 1, but has advanced in fits and starts over the past five months amid growing doubts about how quickly President Donald Trump can implement pro-growth policies pledged during his campaign for the White House. A late-Friday defeat in passing a bill to revamp the Affordable Care Act, known as Obamacare, underlined those fears last week. A close at or above 22,000 would represent the sixth fastest move to a 1,000-point milestone for the Dow at 108 trading sessions. It would also mean the blue-chips would have hit three milestones, or moved at least 3,000 points in the space of a single year. the most of any calendar move for the Dow. Of course, the higher the DJIA rises, the smaller each 1,000 point move is in percentage terms.
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