+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

The Dow threatens 20,000

Dec 28, 2016, 20:11 IST

Specialist trader Mario Picone wears a &quotDOW Almost 20,000" cap as he works at his post on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., December 15, 2016.Brendan McDermid/Reuters

US stocks opened up with gains on Wednesday during what is likely to be another quiet holiday session marred by low volume.

Advertisement

The Dow Jones Industrial Average trades up 0.1% at 19972.05, and trades within an eyelash of the elusive 20,000 mark. The index has threatened the psychological level for much of the past two weeks, but has been unable to climb above it for the first time.

The S&P 500 and Nasdaq have opened with respective gains of 0.1%, and are both trading near record highs.

The Dow is on track for its eighth consecutive weekly gain, its longest streak since November 2013. Stocks have been on a roll since the election as investors cheered the prospects of President-elect Donald Trump's plans to to cut taxes, ease regulations, and spend hundreds of billions of dollars on US infrastructure.

Elsewhere, the US Treasury market is little changed with the 10-year yield hovering near 2.56%.

Advertisement

The economic calendar is light on Wednesday, limited to the 10 a.m. ET release of pending home sales.

NOW WATCH: Watch Yellen explain why the Federal Reserve decides to raise rates

Please enable Javascript to watch this video
You are subscribed to notifications!
Looks like you've blocked notifications!
Next Article