The Dow Jones Industrial Average has seen a spectacular rally in the past couple of months, with blue-chip benchmark setting another high on Thursday, putting another psychological milestone – (**********************************************, ********************************************** – in sight .
The Dow DJIA, 0. 90% closed Thursday with a gain of (****************************************. points, or 0.7%, at 37, 2018 ********************************** – after hitting an intraday peak of (**********************************************, **********************************. – and putting another 1, 000 – point milestone in focus.
If the benchmark manages to close at or above that level Friday, it would mark the th trading day since its last milestone on Nov. 26, and the fastest such ascent for the Dow since January of When it took only eight trading sessions to close at 26, 06.
to sign a phase-one trade accord.
That market-moving development came after the U.S. and Iran looked to be backing away from further military aggression, with President Trump signaling Wednesday that no new U.S. military strikes would follow an Iranian missile attack on U.S. bases in Iraq.
Of course, the higher the DJIA rises, the smaller each 1, point move is in percentage terms, but individual investors have tended to pay close attention to the Dow when it carves out fresh milestones.
Some investors say that a Federal Reserve that has provided a low-interest rate environment and liquidity for money markets creates a bias to the upside for equities . Last year, the Fed cut interest rates at three consecutive meetings to a 1. 500% – 2% range, citing growing concerns about the harmful effects from a Sino-American trade policy clash.
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