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| Dow Jones passes 20,000 for first time | Dow Jones passes 20,000 for first time |
| (35 minutes later) | |
| The Dow Jones Industrial Average traded above 20,000 for the first time at the start of trading on Wednesday. | |
| US share prices have been boosted by hopes that the economic policies of the new US President Donald Trump will boost his country's economy. | US share prices have been boosted by hopes that the economic policies of the new US President Donald Trump will boost his country's economy. |
| The index of leading US shares rallied after Mr Trump's election win and was close to breaking 20,000 on 6 January. | |
| It fell back a bit but rose again after Mr Trump's signing of several executive orders since his inauguration. | |
| Shortly after opening, the Dow was up 93.38 points at 20,006.09. | |
| The other two main US share indexes also showed gains. The S&P 500 was 10.09 points higher at 2,290.16, while the tech-heavy Nasdaq was up 36.74 points at 5,637.70. | |
| Tim Ghriskey, chief investment officer of financial management firm Solaris Group in New York, said: "There is a real belief that [Mr] Trump is real, he has been extremely active these first couple of days of the presidency and a change may happen faster than people had thought." | |
| Neil Wilson, senior market analyst at London brokers Capital, said: "It's psychologically huge and, after a bit of pullback ahead of the inauguration, really confirms that the 'great rotation' from bonds to stocks is definitely upon us. | |
| "Fears about protectionism are running second to optimism about inflation and growth - for now at least." |