A screen shows the Dow Jones Industrial Average soon after the market opened on the floor of the New York Stock Exchange . REUTERS/Brendan McDermid
Reuters: Dow tops 21,000 after Trump speech, rate hike talk
The Dow crossed the 21,000 mark for the first time on Wednesday after U.S. President Donald Trump's measured tone in his first speech to Congress lifted optimism and investors viewed a looming interest rate hike as a glass half full.
The three main stock indexes were on track for their best one-day gain since Nov. 7, a day before the U.S. presidential election, with the S&P 500 and Nasdaq also hitting record highs.
Trump on Tuesday said he wanted to boost the U.S. economy with a "massive" tax relief and make a $1 trillion effort on infrastructure, bets that have helped Wall Street scale fresh records since the Nov. 8 election.
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