Tag: DJIA

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S&P 500, Nasdaq 100 and Dow all hit new highs!

S&P 500, Nasdaq 100 and Dow all up at new highs!

The S&P 500 climbed again Wednesday 7th February 2024 and edged ever closer to the 5,000 level.

S&P 500 hit a new high of 4995

S&P 500 hit a new high of 4995 on 7th February 2024

The index, which first breached the 4,000 level in April 2021, added around 0.82% to close at 4,995.06. During session highs, the S&P hit 4,999.89. Quarterly results signalled a thriving U.S. economy.

The Nasdaq 100 jumped to a new high of 15,755

The Nasdaq 100 jumped to a new high of 15,755 on 7th February 2024

The Dow Jones Industrial Average rallied 156 points to close at 38,677 and an all-time high

DJIA closes at new high of 38677 on 7th February 2024

Euphoric

Are investors getting swept away with the latest wave of AI related tech results? Quite possibly, as some of what we’re seeing could be based on FOMO (fear of missing out) as traders/investors don’t want to be left behind like they were last year.

However, one undeniable fact is that the U.S. economy isn’t facing as recession any time soon as predicted by many.

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Dow hits new record high breaching 38000 for the first time ever

Dow Jones index up

The Dow Jones Industrial Average (DJIA) reached a new high on 22nd January 2024, closing at 38,001.81 points

One year chart for the Dow Jones Industrial Average (DJIA)

The Dow Jones Industrial Average (DJIA) reached a new high on 22nd January 2024, closing at 38,001.81 points

The index reached 38109.20 points in intraday trading. Recently the S&P500 and the Nasdaq set new highs.

The Dow

The Dow Jones is a market index that tracks the performance of 30 large US companies. It is also known as the Dow Jones Industrial Average (DJIA) or simply ‘the Dow’.

The DJIA is one of the oldest and most widely followed stock market indicators in the world. It reflects the health and sentiment of the U.S. economy and business sector.

The index was created in 1896 by Charles Dow and Edward Jones, who were journalists at The Wall Street Journal. The first calculation was done on 30th June 1896, with a base value of 40.

Some 128 years later, the index has a value of 38001 – a record high!