The Dow Jones Industrial Average ticked above 25,000 for the first time in history Thursday morning, weeks after President Donald Trump signed Republicans’ tax reform bill into law.
The benchmark index sits at 25,034.94 as of 9:41 a.m. Thursday, also marking the fastest 1,000 point jump in the index’s history.
It took just 23 trading days for the Dow to tick above 25,000, moving at a quicker pace than the 24 trading sessions it took the Dow to go above 21,000 in March 2017.
The Dow is up over 5,000 points and has notched over 70 record high closings since Trump took office in January. The index gained just over 2,465 points in Obama’s first 11 months.
While the S&P 500 grew the least of the three major U.S. indexes under Trump, it is still up over 21 percent since the November election and has closed at record highs well over 50 times.
The market has gained between $4 and $5.6 trillion in capitalization in Trump’s first year, well over the gains in Obama’s first year.
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