Dow closes above 20,000 as earnings, Trump rekindle rally

U.S. shares rallied on Wednesday,... with the Dow closing above 20,000 for the first
time... on the back of solid earnings and expectations about Donald Trump's pro-growth
initiatives.
Korean shares also extended their gains following another stellar day for Wall Street.
Kim Min-ji looks beyond the digits.
The Dow Jones Industrial Average smashed through the 20-thousand-point level for the first
time ever on Wednesday.
The historic rally... was helped by strong earnings... and expectations about President
Donald Trump's spending projects and other proposals for growth.
The Dow jumped nearly zero-point-eight percent to close at a record high of 20-thousand-68-point-5.
The Dow has now risen by more than 17-hundred points since Trump won the election back in
November.
The S&P 500 and the Nasdaq also hit all-time highs, with both having risen nearly 10 percent
since Trump's presidential victory.
"I think the momentum is still strong and I don't think that in the next couple of quarters
that the momentum will reverse itself."
Since his inauguration, Trump has signed several executive orders, including one to ease regulations
on domestic manufacturers and another giving the green light for the construction of two
controversial oil pipelines -- rolling back key environmental actions of the previous
administration.
"There has been a positive response to some of the presidential initiatives that have
been put into place already, bringing back XL pipeline and other things like that.
That certainly led to a lot of materials makers advancing, energy, the expectation of reflationary
policies has certainly helped the financials, particularly."
Korean shares also closed higher on Thursday.
The benchmark KOSPI added over 0-point-8 percent,... while the tech-heavy KOSDAQ surged nearly
1-point-2 percent.
Market bellwether Samsung Electronics hit a fresh record -- topping 2 million won per
share, or 1-thousand-725 dollars, at one point in trading.
It ended up just shy of 1-point-3 percent.
As for prospects for the Korean market down the line --
Korean shares are expected to extend the gains seen on Wall Street.
Now if the uncertainties around Trump's new policies diminish, the market rally is expected
to live on in the U.S.
But, experts point out that lingering concerns over increased protectionism... and to what
extent Trump will be able to fulfill his pledges... will remain important variables for the foreseeable
future.
Kim Min-ji, Arirang News.

Dow closes above 20,000 as earnings, Trump rekindle rally

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