The Dow Jones Industrial Average today was pushing higher thanks to a strong uptick in global stocks and confidence ahead of another busy day of earnings reports and economic data.
On Wednesday, the Dow rallied above 20,000 thanks to a strong uptick in financial and healthcare stocks. The Dow's recent ascent to 20,000 was the second-fastest 1,000-point move in market history at 42 days. That is the fastest since the 59-session span between March and July 2007. It is second only to the 1,000-point gain registered in 24 days back in 1999.
Let's look at the numbers from Wednesday for the Dow, S&P 500, and Nasdaq:
 Dow Jones: 20,068.51; 155.80; +0.78%
 S&P 500: 2,298.37; 18.30; +0.80%
 Nasdaq: 5,656.34; 55.38; +0.99%
 Here's a look at today's most important market events and stocks, plus a look at Thursday's economic calendar.
The Dow Jones Industrial Average projected a 46-point gain as global markets continue to push higher in the wake of the index's surge past 20,000. It has been a remarkable run for the markets in recent weeks. The rally has been fueled by three key U.S. blue-chip stocks. Goldman Sachs Group Inc. (NYSE: GS) has accounted for 379 points of the Dow's surge since the election. Boeing Co. (NYSE: BA), which crushed Wall Street earnings expectations Wednesday, has added 172 points to the Dow during that span. Finally, International Business Machines Corp. (NYSE: IBM) has added 158 points.
The three stocks have accounted for roughly 40% of the Dow's gains.
Trending: These Are 5 of the Best Stocks to Buy in 2017
Thursday will feature a busy round of earnings reports and economic data. Keep an eye on weekly jobless claims and the monthly report on new home sales. Should the latter report surpass economists' expectations, look for shares of KB Home (NYSE: KBH) and Toll Brothers Inc. (NYSE: TOL) to show gains.
On the international front, investors are eyeing statements by British Prime Minister Theresa May about global trade and her country's pending exit from the European Union. May will meet with President Trump to discuss bilateral trade and address senior Republicans on a range of global issues. May has pledged to rekindle the special relationship between the UK and the United States with the goal to "lead, together, again."
In silver investment news, the price of silver has been sliding since the election. The price is down again Wednesday morning as investors continue to shift capital back toward equities. Â However, there are a few factors setting up silver to be one of the top investments of 2017. Money Morning Resource Specialist Peter Krauth has predicted a 30% surge in the silver price this year. Here's what you need to know and how to position your investments.
Don't Miss: A Gold Price Prediction for the Coming Bull Run: $5,236 an Ounce
Crude oil prices were ticking higher thanks to a weakening U.S. dollar. The downturn in the greenback offset concerns about rising supplies in the United States. On Wednesday, the Energy Information Administration announced a much larger uptick in domestic crude inventories.
The WTI crude oil price today added 0.8%. Brent crude dipped 0.8%.
But the big story is President Donald Trump.
The president has taken swift action on a number of social and economic issues in the last three days. In addition to paying the way for the construction of a massive border wall and the installation of several major pipeline projects, the president has been speculating on his next major announcement: his nominee for the vacancy on the Supreme Court.
On Jan. 24 at the White House, President Trump announced he had "a number of outstanding candidates" for the open Justice of the Supreme Court position.
So who will Trump nominate for Supreme Court?
According to CNN, these are Trump's top picks for Supreme Court...
Urgent: Feds use obscure loophole to threaten retirees... Under the watchful eye of Congress, the government will soon be implementing a controversial plan that threatens the retirement of millions of Americans. And they're using an obscure loophole buried in Title 29 of the U.S. Labor Code to do it. If you have a 401(k), IRA, or any type of retirement account, this could cause you to miss out on $68,870 or more. Full Story
Follow Money Morning on Facebook and Twitter.
[mmpazkzone name="end-story-hostage" network="9794" site="307044" id="138536" type="4"]