Dow Passes 23,000 for the First Time, Fueled by Strong Earnings
- Latest round-number milestone comes at 4th-fastest pace
- Investors don’t want to be ‘sitting on the sidelines’
Dow Tops 23,000 for First Time
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The Dow Jones Industrial Average passed another milestone, topping 23,000 for the first time, as strong earnings from UnitedHealth Group Inc. and Johnson & Johnson helped push the more than century-old gauge to a record.
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.