Dow Jones Industrial Average hits record high, powered by Apple and The Walt Disney Company

Investors in U.S. stocks can crack open the Champagne three days before New Year’s Eve.

That’s because today, a bellwether U.S. stock index hit an all-time high after President Donald Trump approved the Congress’s stimulus package.

The Dow Jones Industrial Average peaked at 30,525.56 before closing at 30,403.97. It’s a basket of 30 large-cap stocks.

The biggest winner of the bunch was Apple, which rose US$4.72 to close at US$136.69.

Apple shares are up 82 percent this year, coming within a whisker of its 85 percent market gain in 2019.

The Cupertino, California–based tech giant’s market cap has reached US$2.32 trillion, making it the most valuable publicly traded company.

Over the past week, its stock has risen sharply on a Reuters report that it will begin marketing an iCar in 2024.

Another big winner today was The Walt Disney Company. Its shares rose 2.95 percent to close at US$178.86.

This year, The Walt Disney Company shares have increased by 20.7 percent after suffering a drubbing during the spring due to the pandemic.