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Dow breaches 20,000 for first time ever

Pedestrians walk outside of the New York Stock Exchange (NYSE) after the Dow Jones industrial average crossed the 20,000 mark for the first time on January 25, 2017 in New York City. (Photo by Spencer Platt/Getty Images)

NEW YORK — The Dow Jones industrial average is trading over 20,000 points for the first time, the latest milestone in a record-setting drive for the stock market.

On Tuesday, the Dow closed 0.6 percent higher at 19,912.71.

U.S. stocks continue to be the main driver across the world. They have enjoyed a strong rally recently amid hopes that the Trump administration will cut taxes, stimulate the economy and reduce red tape.

The Dow has been flirting with the 20,000 mark for weeks.

Information from the Associated Press was used in this report.

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