The more than eight-year bull market in US stocks got a second wind after last year's election of Donald Trump as USA president, on expectations that his business-friendly policies including tax cuts and deregulation would boost corporate gains and economic growth.
The Dow opened at 22,004 before slipping back but is still on track for another record close, the sixth in a row.
Approximately 90 minutes after yesterday's close, shares of AAPL stock were up almost 6% in after-hours trading. "Since the election, equity values have risen by more than $3 trillion".
Wall Street's record-shattering performance is a bright spot for an administration mired in legislative failure and internal turmoil.
The market indicator is used to gauge the health of the stock market, and is composed of an average of 30 of the strongest and most influential stocks. Crude futures were trading around $49 per barrel, down from $50 per barrel on Tuesday.
Senate GOP sees no path on health care, despite Trump prods
It also came as the No. 2 Senate Republican leader seemed to suggest that the two parties should try working together on health care.
WALL STREET: U.S. stocks finished higher on Tuesday.
"We anticipate a stronger upgrade cycle in (2018) with the 10-year anniversary iPhone 8, as our surveys indicate strong consumer interest in and anticipation for new iPhones anticipated to launch in September", said Canaccord Genuity analyst Michael Walkley.
'So that's so much higher than anticipated.
Wireless company Sprint surged 10.8 percent after reporting first-quarter net income of $296 million, its first gain in three years. The stock was the largest contributor to the Dow's gains. Many investors look to the Relative Strength Index (RSI) reading of a particular stock to help identify overbought/oversold conditions.
Meanwhile, Federal Reserve Chair Janet Yellen revealed confidence in the economy and the outlook, projecting a potential tapering of its $4.5 trillion bond stash to begin sometime this year and wind down in 2022. We have seen analysis look towards the weakening of the USA dollar to be the next potential catalyst that will surely bring down the markets.
'Bachelorette' Rachel Lindsay has painful break-up in finale episode
7c on ABC! "Today, I learned how great the people that I was with actually are and I just, I want to apologize to you too." According to her, they'd been in a relationship until he was casted and when he learned he was on the show, ghosted her.
CURRENCIES: The dollar rose to 110.52 yen from 110.36 yen.
The market has shattered records despite Trump's political troubles, suggesting they are no longer intertwined.
Nevertheless, its recent gains attracted the attention of the White House ahead of Wednesday's opening bell.
The market rally slightly leveled out in the final weeks of July as traders engaged in the time-honored tradition of profit taking after a record run-up in USA markets.
In Georgia, Pence says Trump will back toughened sanctions on Russian Federation
Kvirikashvili said the United States "has a dedicated friend in Georgia , a stable geopolitical ally, and a strategic partner". On August 2, he will attend the Adriatic Charter Summit in Montenegro's capital, Podgorica, U.S. officials said.