DOW HITS 19,999.63

pulse

January 6, 2017 6:08 PM

We're back on Dow 20,000 watch.

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Stocks are rallying on Friday after the December jobs report showed that wage growth rose at the fastest pace since 2009.

The Dow rose to as high as 19,999.63 in early afternoon trading, crossing the previous intraday high it reached on December 20. Disney, Goldman Sachs and Nike were the biggest gainers on the index.

The S&P 500, which is considered a broader benchmark of the US stock market, also rose to a new high of 2,281.75.

Meanwhile, s

Besides the positive news from the economy on Friday, markets remain optimistic about growth under the incoming administration. Lower corporate taxes and lighter regulation could boost earnings growth, which some strategists including Fundstrat's Tom Lee say will take over as the key driver of stocks this year.

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