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Riding High: Dow Jones Just Hit the 23,000 Mark

by Lucy Bayly /  / Updated 
Traders celebrate on the main trading floor of the New York Stock Exchange (NYSE) as the Dow Jones Industrial Average passes the 20,000 mark shortly after the opening of the trading session.Brendan McDermid / Reuters

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Just six weeks after smashing the 22,000 mark, the Dow Jones has hit another record high, topping 23,000 in midday trading on Tuesday.

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"Every time we get a milestone like that, it seems like mainstream America pays more attention to financial markets," Art Hogan, chief market strategist at Wunderlich Securities, told CNBC.

In addition to a strong quarter for corporate earnings plus solid global economic growth, the recent stock market rally has been attributed to President Donald Trump's business-friendly plans, including corporate tax breaks, deregulation, and infrastructure spending.

The Dow Jones is up 26 percent since Trump's election in November 2016.

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