The market's latest milestone, reached on Tuesday just after the opening bell, easily sets the record for the fastest rise between 1,000-point barriers. The Dow has been around for 121 years.
The Dow has spiked almost 8,000 points, or about 42%, since President Trump's election. The stock market boom reflects enormous excitement on Wall Street about record corporate profits and strong economic growth at home and abroad -- all of which could be boosted by the GOP tax overhaul.
"The market has certainly come out of the gates fast in 2018 after a stellar 2017," said Art Hogan, chief market strategist at Wunderlich Securities.
It's true that 1,000-point milestones come easier at these lofty levels. On a percentage basis, it's just not nearly as big of a move as it was from 10,000 to 11,000.
Still, the relentless surge is raising concern even among some bulls that things are getting out of hand.
The Dow has spiked almost 8,000 points, or about 42%, since President Trump's election. The stock market boom reflects enormous excitement on Wall Street about record corporate profits and strong economic growth at home and abroad -- all of which could be boosted by the GOP tax overhaul.
"The market has certainly come out of the gates fast in 2018 after a stellar 2017," said Art Hogan, chief market strategist at Wunderlich Securities.
It's true that 1,000-point milestones come easier at these lofty levels. On a percentage basis, it's just not nearly as big of a move as it was from 10,000 to 11,000.
Still, the relentless surge is raising concern even among some bulls that things are getting out of hand.