U.S. stocks closed higher Wednesday, sending the Dow Jones industrial average past 20,000 points for the first time. The Standard & Poor's 500 index and Nasdaq composite also posted new highs for the second day in a row.
Financial companies led the gainers, which included technology and industrial stocks. Real estate, phone companies and other high-dividend stocks lagged the broader market as bond yields rose.
The Dow rose 155.80 points, or 0.8 percent, to 20,068.51.
The S&P 500 index gained 18.30 points, or 0.8 percent, to 2,298.37.
The Nasdaq picked up 55.38 points, or 1 percent, to 5,656.34.
The Russell 2000 index added 13.23 points, or 1 percent, to 1,382.44.
For the week:
The Dow is up 241.26 points, or 1.2 percent.
The S&P 500 is up 27.06 points, or 1.2 percent.
The Nasdaq is up 101 points, or 1.8 percent.
The Russell 2000 is up 30.59 points, or 2.3 percent.
For the year:
The Dow is up 305.91 points, or 1.6 percent.
The S&P 500 is up 59.54 points, or 2.7 percent.
The Nasdaq is up 273.22 points, or 5.1 percent.
The Russell 2000 is up 25.31 points, or 1.9 percent.
This story has been automatically published from the Associated Press wire which uses US spellings