Страници

Tuesday 17 October 2017

Dow broke 23,000 points for the first time in history

The Dow Jones blue chip index has overcome the 23,000-point psychological limit for the first time in its history, driven by over 5% growth in UnitedHealth's stock. The shares of the insurance company reached a historic record after having recorded better-than-expected results for the past quarter.
On the index, however, weighted the weak performance of the industrial companies.
We do not see a market that is fascinated by the results, according to other analysts who are talking about a potential correction for the indices after their record highs.
US Treasury bonds rose after higher-than-expected growth in import prices, which raised inflationary expectations and led to a rise in the US dollar.
Additional support for the dollar has made it clear that Donald Trump would most likely prefer John Taylor as the next Fed leader after Janet Yelan's term of office.
The fall of 1.2% in General Electric's shares led to a decline in the industrial index, while the fall in Microsoft's and Intel's shares put a heavy burden on its technology components.
Seven of the 11 major sectors in the broad US index recorded declines driven by the industrial one.
Netflix shares lost 1.2% of their value after they recorded a new historic record the previous day.

No comments:

Post a Comment