Dow Jones Closes Over 20K Mark

The Dow Jones industrial average closed Wednesday above the 20,000 mark for the first time in its 120-year history.
1:17 | 01/26/17

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Transcript for Dow Jones Closes Over 20K Mark
Out to the stock market. Clothing over 20000. Of clothing all the that's when it doubt the mark. For the first time ever in our chief business and economic correspondent Rebecca Jarvis and that the New York Stock Exchange with more. Good morning Rebecca. Good morning Michael here at New York Stock Exchange they have been doubt 20000 adds to commemorate the occasion. The first time it's 120. Years the Dow hit it at 18000 mark. This rally that has been going on for some time since 2009. The end of the Great Recession stocks. Have bet on me uptrend but they've been Turbo charged since the election. On the prospect of lower taxes lower regulations and infrastructure spending. All things that would be positive for corporate America and corporate America's bottom line as part of the Americans go it's also a positive for those Americans who do own stocks about 52% of Americans have some form. A retirement savings and me average increase since Election Day has been about 6000 dollars for those accounts. Now for big water America this really comes down. And what companies you with those profits they pass them along in the form of wages and new jobs Michael you Rebecca rookie Brian if the keeps on going out.

This transcript has been automatically generated and may not be 100% accurate.

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