Stocks could take another leg higher into year end, after the four major market indexes all closed at record highs — a bullish sign.
"Anytime you get confirmation with all four indices getting record closes, that usually leads to additional buying," said Paul LaRosa, chief technician at Maxim Group.
Energy stocks led the gains, rising 2 percent.
"20,000 would be the target" on the Dow, LaRosa said. That target is not necessarily for this year. "It just seems like money is flowing into this market. People are repositioning. People are encouraged that more investment will come into the United States. Money will come from overseas. Regulation will be lifted. Right now, the light is green," he said.
The last time the Dow, Nasdaq and S&P all closed...