It’s the sixth 1,000-point milestone reached in the past 12 months and the fifth since Donald Trump was elected president in November. The Dow average added 0.2 percent, or 44 points, to 23,000 at 11:06 a.m. in New York.
Even as political risks persist from Spain to North Korea and Washington, the latest thousand-point climb took only 76 days. The rally came amid a synchronized advance in the global economy with only tepid inflation that has enabled central banks to leave stimulus in place.
At the same time, investors are speculating Republicans will deliver tax cuts and corporate profits look set to expand again.
The Trump administration’s promise of big tax cuts and deregulation has provided a boon to financial institutions.