| Dow tops 23,000; he Dow briefly topped 23,000 for the first time in its 121-year history Tuesday but closed just shy of the milestone despite notching its 50th record close of the year and extending a bull market rally that began nearly nine years ago. This year has been full of milestones for the Dow Jones industrial average. The blue-chip stock gauge has rallied more than 3,200 points, gained more than 16% and leapfrogged 20,000, 21,000, 22,000 and 23,000 in 2017.
USA TODAY, October 18, 2017 Wednesday
The strong rally has been driven, Wall Street pros say, by a financial rarity: Economies in every corner of the globe picking up at the same time. "Dow 23,000 is something to cheer," says Thorne Perkin, president of New York-based money-management firm Papamarkou Wellner Asset Management. The Dow topped its newest milestone in morning trading, climbing as high as 23,002.20 before retreating. It closed up 40.48 points, or 0.18%, to 22,997.44. It took just 76 days to climb from 22,000 to 23,000,...