Wall St. adds to record rally, Dow approaches 20,000

The Dow has climbed about 9 percent since the Nov. 8 election, with gains fueled by expectations that President-elect Donald Trump will reduce taxes and regulation and stimulate the economy. Apple added 1.67 percent and provided the biggest support to the S&P and Nasdaq, while IBM rose 1.69 percent, helping lift the Dow. Some investors see the 20,000-level on the Dow as a psychologically important signal of broad positive sentiment.