A Dow Milestone: 19,000 Hit for First Time

MarketWatch credits "Trump-induced euphoria" in its headline: The Dow on Tuesday hit 19,000 for the first time at open, a milestone that followed Monday's record close of 18,957. The S&P 500 also passed 2,200. The AP earlier reported that global stocks rose Tuesday, buoyed by hopes that OPEC will support the price of oil with a production cut. The Wall Street Journal reports oil prices continue to hang around a three-week high in anticipation of a possible end-of-month OPEC deal. "Rising commodity prices do help," one senior portfolio manager with Robeco tells the Journal. "But I think there is also a bit of an upbeat mood about the [Donald] Trump election." (More Dow Jones stories.)