Off the wire
• Ghana's Producer inflation hits 11. 9 pct in November  • China's new satellite for civilian hi-res mapping put into business operation  • CBA Roundup: Leader Shanghai claim fourth straight win  • Mongolian gov't approves plan to revive economy  • Iranian Greco-Roman wrestler banned for doping violation  • Lao wushu team prepare for upcoming SEA Games  • 1st Ld-Writethru: China inaugurates 3rd, 4th circuit courts  • Italy's consumer confidence increases in December  • Saudi youths want spending rise on green energy: survey  • Belgian police detains 14-year-old for possessing explosives  
You are here: 　 Home

U.S. stocks open higher as traders eye Dow 20,000

Xinhua, December 28, 2016 Adjust font size:

U.S. stocks opened higher on Wednesday, as investors kept a close eye on the Dow Jones Industrial Average's psychologically key 20,000 mark.

Some analysts expected Wednesday might be the day the Dow breaks the 20,000 milestone.

"In spite of a strong dollar, today might just be the day we touch Dow 20,000," said Peter Cardillo, chief market economist at First Standard Financial, according to CNBC.

Meanwhile, investors also focused on the Santa Rally, which runs from Dec. 24, 2016 to Jan. 4, 2017.

Shortly after Wednesday's opening bell, the Dow Jones Industrial Average was up 22.38 points, or 0.11 percent, to 19,967.42. The S&P 500 gained 0.94 points, or 0.04 percent, to 2,269.82. The Nasdaq Composite Index rose 5.31 points, or 0.10 percent, to 5,492.75.

U.S. stocks rallied Tuesday, with the Nasdaq Composite Index eking out a new closing record, as investors mainly assessed economic data on the first trading day after the long holiday weekend. Endi