The 30-share key Dow Jones Industrial Average shot up to 14,239.68 points in the first hour of trading. This is the highest-ever level scaled by the blue chip index and also for the first time since the 2008 financial meltdown.
In October 2007, the index had closed at a high of 14,164.53 points and two days later, it had reached an intra day high of 14,198.10 points.
Today, the benchmark was trading nearly one per cent or 111.86 points higher at 14,239.68 points.
Two other indices -- S&P 500 and Nasdaq Composite -- gained as much as one per cent in early trade.
The broader S&P 500 jumped to 1,537.25 points while the tech-heavy Nasdaq Composite went up to 3,212.36 points.