Dow tops 20,000 as earnings feed rally; bonds fall
Strong corporate earnings lift investors' optimism in economic growth; rising bond yields boost higher bank lending margins
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New York
THE Dow Jones Industrial Average climbed past 20,000 for the first time as stocks around the world extended a rally after corporate earnings reignited investors' optimism in economic growth. Bonds sold off with oil.
The index for American blue chips took the round-number milestone after a handful of rallies fell short in the past month. It was the second-fastest 1,000-point trip in its history.
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