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Market Extra: Dow clambers above 20,000 — marks 2nd-fastest run to a milestone in history

The Dow Jones Industrial Average on Wednesday closed above the psychologically significant threshold of 20,000. Finishing at the level represents a milestone for the blue-chip gauge and highlights a relatively speedy path higher for the stock market in the wake of Donald Trump’s election win in November.

The Dow DJIA, +0.78% is up about 9.5% since Trump’s Nov. 8 election victory, the S&P 500 index SPX, +0.80% has gained nearly 7%, while the Nasdaq Composite Index COMP, +0.99% has advanced roughly 9% during that period.

Read: MarketWatch’s stock-market column

The equity rally is supported by expectations that Trump will unleash a raft of pro-business policies, including a rollback of regulations, tax cuts and fiscal spending.

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