Dow Jones Industrial Average reaches the record

August 31, 2018 - By William Brooks

Dow Jones Industrial Average reaches the record

While the index is at its highest, Dow Jones stocks are behind. Economists say that these are the highest numbers since the ones reached this January.

On Thursday, the Dow Jones Industrial Average went higher by 0.95 percent and finished the day with 1 percent pure gain.

And for its constant comrade, S&P 500 Index started from 0.78 percent higher and finished with 0.8 percent rise, after beating its own previous intraday record.

Analysts believe it rose mainly on the positive economic news that were coming nonstop out of Wall Street.

Consumer Comfort Index of Bloomberg has shown the highest rise since 2001.

And while American leading indicators of economic development predict as strong a second half of the year as it was during the first (or even stronger), let’s hope that negative political news will not interfere with the economic improvement.

Bond investors are also very positive right now, as they feel confident that all signs are showing economic growth at least for the coming several quarters.

According to the official numbers, the Dow Jones Average is currently up by 7.8 percent in 2018, including its epic close on Thursday, and S&P 500 is at 9.6 percent rise. The numbers don’t include dividends.

At the meantime, the stock for 30 of the biggest companies in the Dow Jones index are slightly lower, including stocks of McDonald’s company, Johnson and Johnson, Coca-Cola, Exxon Mobile, etc.

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