The Dow Jones industrial average finished above 22,000 for the first time, buoyed by higher corporate profits and low unemployment.
The Dow, the most widely cited stock index in the world, closed Wednesday at a record of 22,016. It is now up 11 percent for the year and more than 20 percent since President Trump's election in November.
"Earnings are growing and are growing faster than anybody thought. That alone will drive stock prices up," says Brad McMillan, chief financial officer at Commonwealth Financial Network.