The Dow Jones Industrial Average on Thursday appeared set to surge above 25,000 for the first time, carving out a fresh intraday record, but also notably notching its fastest climb to such a milestone ever. The blue-chip benchmark is on track to post a close above 25,000 in a blistering 23 trading days, which would represent the fastest rally to such a mark, outpacing the 24 sessions it took to ascend to 21,000 last March and the move to 11,000 back in May of 1999. Of course, its worth noting that with each climb higher that the percentage moves become less significant. In fact, the move to 25K represents a meager 3% advance for the Dow average compared with the more than 10% surge to 11K about 19 years ago.The moves for the Dow come as investors have grown increasingly bullish about an array of fiscal stimulus measures espouse by President Donald Trump’s administration that are being viewed as pro-business. Meanwhile, volatility in the market has been curiously absent, fostering a relatively steady climb for equity markets. To be sure, these advances toward milestone are largely psychologically significant rather than having more meaning to investors. On Wednesday, the S&P 500 index broached its own psychologically important level above 2,700, while the Nasdaq Composite Index eclipsed 7,000 on Tuesday. Both benchmarks are looking to join the Dow in positive territory.
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