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Dow breaks above 21,000 as stocks hit all-time highs after Trump's speech; financials lead

Dow breaks above 21,000 as stocks hit all-time highs after Trump's speech; financials lead | 1 March 2017 | U.S. equities traded sharply higher on Wednesday, with the Dow Jones industrial average climbing above 21,000 for the first time, on the back of President Donald Trump's speech to Congress. Trump's speech, which was delivered Tuesday night, was widely praised for its positive tone but lacked specifics about tax reform and deregulation, two key components of the market's postelection rally. The Dow advanced more than 200 points with Goldman Sachs contributing the most gains. The 30-stock index first closed above 20,000 on Jan. 25. The S&P 500 climbed 1 percent, with financials rising 2.4 percent to lead advancers. The Nasdaq jumped 0.93 percent.