Dow Jones closes above 23000 for the first time

Dow Jones closes above 23000 for the first time

Dow Jones closes above 23000 for the first time

The Nasdaq composite was little changed at 6,624.

In New York, the Dow Jones industrial average climbed 160.16 points to 23,157.60.

The Nasdaq is up 1,241.10 points, or 23.1 percent.

The Dow Jones cruised past the 23,000 mark today, as hopes buoyed that President Donald Trump could make progress on implementing tax cut plans and with support coming from a raft of recent solid corporate earnings.

"My view is it may take several days or a couple of weeks before it can sustain a level above 23,000", said Robert Pavlik, chief market strategist at Boston Private Wealth in NY.

Investors are also awaiting the Fed's issue of the Beige Book, a periodic snapshot on the health of the US economy.

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Canada's main stock index lost ground today, while USA stock markets hit new records with the Dow Jones sailing past the 23,000 mark.

The Russell 2000 index of smaller-company stocks picked up 7.65 points, or 0.5 percent, to 1,505.14. The S&P 500 popped 4.3 points to 2563.66 and the Nasdaq gained 8.83 points to 6,632.48. Six of the 11 major S&P sectors were lower, led by 1.32 percent drop in the telecom services index.

The Dow is up 3,395 points, or 17.2 percent.

The Russell 2000 is up 2.49 points, or 0.2 percent.

Chipotle Mexican Grill slipped 2.7 percent after Bank of America Merrill downgraded the company's stock to "underperform" and slashed its price target by $105 to $285.

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