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Dow Jones Has First Close Above 26,000 Points

NEW YORK (AP) - Stocks are closing higher on Wall Street, sending the Dow Jones industrial average to its first close above 26,000 points.

Dow Jones Industrial Average Closes At Record High
NEW YORK, NY - JANUARY 12: Traders and financial professional work ahead of the closing bell on the floor of the New York Stock Exchange (NYSE), January 12, 2018 in New York City. The Dow was up over 200 points on Friday, off to its best start to begin a year since 2003. (Photo by Drew Angerer/Getty Images)

The Dow had traded above that level on Tuesday but wound up closing lower that day. The Dow's surge on Wednesday was driven in part by a big gain in Boeing.

With the stock market reaching records so often, 1,000-point moves in the Dow have become increasingly commonplace. It's been just eight trading days since the Dow had its first close above 25,000.

Technology stocks were again some of the biggest winners. Microsoft rose 2 percent.

The Dow rose 332 points, or 1.3 percent, to 26,115.

The Standard & Poor's 500 rose 26 points, or 0.9 percent, to 2,802.

The Nasdaq composite gained 74 points, or 1 percent, to 7,298.

(© Copyright 2018 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

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