Tuesday 20 June 2017

New records for US indices

US indices reached new record highs yesterday. The Dow Jones Industrial Average added 144.71 points, or by 0.68% to 21 528.99 points. This was its highest value, both in the day and in history. Since the beginning of the year, the indicator has added 8.9% to its value.
The broad S&P 500 rose by 20.31 points, or 0.8%, to a level of 2 453.46 points. Since the beginning of the year, the increase in the indicator is 9.6%.
The Nasdaq Composite Index rose by 1.4% to 6 239.01, with its daily increase being highest since November 7. The tech index is only 80 points from its historic record of June 8.
Among the companies with the most significant growth, Apple has boosted its market capitalization by 2.9%, its biggest gain since February.
The technology sector will most likely continue to be the focus of investor interest. Experts predict that it will most likely continue to weigh over the overall market, given the expectations of rising interest rates and not very good macroeconomic data lately.


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