Investing.com – The Dow Jones Industrial Average broke through the 22,000 point milestone at the open on Wednesday as shares of Apple (NASDAQ:AAPL) led the index higher on the back of strong earnings.
Shares of Apple were up more than 6% at the beginning of trade after the tech giant reported strong fiscal third quarter earnings after the prior session’s close and said its upcoming iPhone release dates were on track.
The Dow effectively logged its seventh fastest 1,000-point move between milestones, having taken just 109 trading days after hitting 21,000 points on March 1.
The completion on Wednesday of the 1,000 point run places it just behind the move from 17,000 to 18,000 points reached in December 2014 that took only 108 trading days.
The Dow has shown a strong track record recently busting through psychological milestones with the benchmark hitting 19,000 for the first time on November 22, 2016, to then finish at 20,000 points on January 25.
The blue-chip index was last up 0.29%, or 63 points, at 22,026.65 points.