By Fred Imbert andAlexandra Gibbs, CNBC
U.S. stocks traded sharply higher as investors chased a market breaking out on better-than-expected earnings and rising economic optimism under President Donald Trump.
The Dow Jones industrial average broke above 26,000 for the first time earlier in the session. At 11:13 a.m. ET, the Dow traded 140 points higher, slightly below the milestone level. The 30-stock index was boosted by gains in UnitedHealth, Boeing and Merck.
It took the Dow just 12 calendar days to move from 25,000 to 26,000, making it the fastest 1,000 move on record for the index. It first traded above 25,000 on Jan. 4.
U.S. stocks traded sharply higher as investors chased a market breaking out on better-than-expected earnings and rising economic optimism under President Donald Trump.
The Dow Jones industrial average broke above 26,000 for the first time earlier in the session. At 11:13 a.m. ET, the Dow traded 140 points higher, slightly below the milestone level. The 30-stock index was boosted by gains in UnitedHealth, Boeing and Merck.
It took the Dow just 12 calendar days to move from 25,000 to 26,000, making it the fastest 1,000 move on record for the index. It first traded above 25,000 on Jan. 4.
