USA DAWN: NEWS AND UPDATES

The Dow Jones industrial average reached 20,000 for the first time ever. The Washington Post's Ylan Mui breaks down what that means for investors.  (Jorge Ribas/The Washington Post) NEW YORK — The closely watched Dow Jones industrial average reached historic levels Friday, breaching 20,000 points for the first time in a week when President Trump began to put his agenda in place. Shortly after the election, investors dubbed a surge in stock prices the “Trump rally,” pushing U.S. stocks to new heights in anticipation that the new president would work with the Republican-led Congress to lower taxes and pass more business-friendly policies. But just as the Dow appeared ready to breach the 20,000 threshold, there was a retreat. Then, this week, as Trump vowed to rewrite trade agreements and revive pipelines, the markets began to rev again. For the Dow, an index of 30 large publicly traded companies, topping the 20,000 level holds more symbolic than pr...