Dow surpasses 19,000 for first time
NEW YORK (AP) — The Dow Jones industrial average is closing above 19,000 for the first time as a post-election rally drives indexes further into record territory.
Tuesday’s gain marked the sixth record high close for the index of 30 blue chip stocks since the presidential election two weeks ago.
Discount store chains led the way higher after strong earnings. Burlington Stores surged 16 percent and Dollar Tree gained 8 percent.
Health care companies slumped, however, after weak earnings from medical device maker Medtronic.
The Dow rose 67 points, or 0.3 percent, to 19,023. Other indexes also closed at records.
The Standard & Poor’s 500 index rose 4 points, or 0.2 percent, to 2,202. The Nasdaq added 17 points, or 0.3 percent, to 5,386.
Small-company stocks continued to outperform the market.