The Dow Jones Industrial Average closed above 23,000 for the first time on Wednesday, driven by a jump in IBM after it hinted at a return to revenue growth.
The Dow hit 22,000 on Aug. 2, only 54 trading days earlier and roughly half the time it took the index to move from 21,000 to 22,000. This marks the fourth time this year the Dow has reached a 1,000-point milestone.
"Retail investors continue to pour into the marketplace, and with each headline about a new record, and especially round numbers like that, people tend to feel like they're missing out and you kind of suck more people into the market," said Ian Winer, head of equities at Wedbush Securities in Los Angeles.
Obama Hits Campaign Trail for 2 Governor Candidates
Former President Barack Obama is returning to the campaign trail to stump for Democratic gubernatorial candidates in New Jersey and Virginia as they gear up for next month's elections.
Thursday's events mark the first time the former president is stepping back into the political spotlight since leaving the White House.
Unlike more low-key appearances earlier this year, Obama's foray into two states won't be a one-and-done. He is planning more public appearances as the year closes, and preparation for the 2018 midterm elections begins.
Key Islamic State Militant Believed Killed in Southern Philippines
Philippine military officials say a top Islamic State militant is believed to have been killed by government forces who liberated the southern city of Marawi earlier this week.
Malaysian-born Mahmud Ahmad was among a group of 20 militants killed in a gun battle early Monday. A military spokesman says it is confident Ahmad was killed based on information provided by two hostages rescued after the firefight. His death will not be confirmed until his body is recovered and DNA tests are conducted.
Border Gunbattles Leave 11 Dead in Northern Mexico
A running series of gunbattles caused at least 11 deaths in the northern Mexico border state of Tamauilpas, authorities said Monday.
Officials said the shootouts in the border city of Reynosa and the nearby town of Rio Bravo started late Sunday. Gunmen hijacked vehicles and used them to block streets, and spread bent nails to puncture tires to facilitate their getaways. Authorities called in a helicopter to support ground patrols moving to break up the roadblocks.
Tillerson Embraces Closer US Ties With India, Calls Out China
Secretary of State Rex Tillerson has given a rare, major foreign policy speech outlining the Trump administration's south Asia policy, reaching out to India to counter China in the Indo-Pacific region.
Speaking to a packed auditorium at the Center for Strategic and International Studies research center in Washington, D.C., Tillerson looked forward to the next 100 years of close U.S.-India ties.
"President Trump and [Indian] Prime Minister Modi are committed - more than any of our leaders before them - to building an ambitious partnership that benefits not only our two great democracies, but other sovereign nations working toward greater peace and stability.
Trump Now Opposes Bipartisan Accord on Health Law Changes
U.S. President Donald Trump voiced his opposition Wednesday to a bipartisan accord on national health law changes, a day after saying he supported it.
White House spokeswoman Sarah Huckabee Sanders said Wednesday, "We've said all along that we want something that just doesn't bail out the insurance companies but actually provides relief for all Americans. And this bill doesn't address that fact. We think that this is a good step in the right direction.