NEW YORK – The closely watched Dow Jones industrial average reached historic levels on Jan. 20, breaching 20,000 points for the first time in a week when President Trump began to put his agenda in place.
Shortly after the election, investors dubbed a surge in stock prices the “Trump rally,” pushing U.S. stocks to new heights in anticipation that the new president would work with the Republican-led Congress to lower taxes and pass more business-friendly policies. But just as the Dow appeared ready to breach the 20,000 threshold, there was a retreat.
