Dow ticks above 20,000 level for first time ever

The Dow Jones Industrial Average traded above 20,000 for the first time on Wednesday, resuming a rally that began in the wake of U.S. President Donald Trump's surprise election victory.

The rally was reignited by Trump's signing of numerous executive orders since his inauguration on Friday.

The index came within a point of the historic level on Jan. 6, as investors banked on pro-growth policies and tax cuts from the new administration.

But the venerable index had stalled recently, dropping modestly in consecutive weeks, as investors grew cautious as they looked for clarity on the administration's new policies.

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