Dow Ended above 20,000 for the First Time

U.S. stocks ended all-time highs on Wednesday, with the Dow Jones Industrial Average finished above the psychologically significant threshold of 20,000 for the first time. The Dow Jones Industrial Average surged 155.80 points, or 0.78%, to 20,068.51. The S&P 500 gained 18.30 points, or 0.80%, to 2,298.37. The Nasdaq Composite was up 55.38 points, or 0.99%, to 5,656.34.

Oil futures finished with a loss on Wednesday with prices pressured by data showing a third-consecutive weekly increase in U.S. crude inventories. March West Texas Intermediate crude fell 43 cents, or 0.8%, to settle at $52.75 a barrel. Benchmark Brent crude for March settled at $55.08 a barrel.

AT&T reported quarterly earnings that were roughly in-line with analysts’ expectations on Wednesday. The company posted fourth-quarter adjusted earnings per share of 66 cents on revenue of $41.8 billion — a slight drop from $42.1 billion in sales during the year-ago quarter.

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