NEW YORK – The Dow Jones industrial average (DJIA) hit 23,000 for the first time on Tuesday.
The DJIA, arguably the world’s most famous stock market index, reached the new record level about 90 minutes into the trading session.
The index, which is made up of 30 “blue chip” stocks, including IBM, ExxonMobil and Coca-Cola, closed above 20,000 for the first time on Jan. 25.
The DJIA reached the 22,000 level on Aug. 2, riding a wave of investor enthusiasm over last year’s election of Donald Trump and economic growth.
On Tuesday, the Dow opened in positive territory, hit an intraday high of 23,002 and later pulled back below 23,000.
The DJIA is at 22,977.70, up 20.54 points, or 0.09 percent, at 11:39 am.