The Dow Jones Industrial Average on Wednesday cracked 20,000 for the first time.

After more than a month of flirting with the barrier — which is far more important psychologically and sociologically than it is in terms of stock valuations — the latest market leg higher has put the blue chip index over 20,000.

In early trade on Wednesday, the Dow was trading around 20,012, up about 98 points on the day.

The S&P 500 was also up about 10 points to 2,292, a new record, while the Nasdaq was up 34 points to 5,635, also a record.

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