Dow hits 20,000 as Trump and earnings reignite rally

The S&P 500 and the Nasdaq Composite indexes also hit record intraday highs, amid gains across sectors. The Dow came within a point of the historic mark on Jan. 6, as investors banked on pro-growth policies and tax cuts many expect from the new administration. "Trump has a majority of both houses, so the likelihood of things getting done quicker than they usually do is higher," said Mark Spellman, portfolio manager at Alpine Funds.