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The market experiences a record value of the Dow Jones index

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The market experiences a record value of the Dow Jones index
January 08
09:00 2018

The stock market shows an unprecedented growth. Last Thursday, for example, the Dow Jones Industrial Average crossed the value of 25,000 points for the first time in its history.
The indexes are supported by an increase in world commodity prices and optimistic statistics. The growth of the stock market is also affected by the depreciation of the US dollar against the European currency.

According to statistics, December was a very successful month for the US economy. An increase in the number of jobs by a quarter million attests to this. These figures significantly exceeded preliminary forecasts. (analysts converged on the figures of 190 thousand when estimated the projected vacancies for December).

At the same time, now there are about 250 thousand new applications for unemployment benefit in the labor market, this is more than the experts expected.

Let’s get back to the stock market. Shares of Intel retain a downward trend. The reason for this was not only the identified problems with the security of the company’s chips, but also the news that Brian Krzhanich, CEO of Intel, had got rid of its shares. Thus, during the last trading session, the company’s shares lost about 5% of their value.

Another manufacturing company of processors – AMD (Advanced Micro Devices Inc.) has recorded an increase in the value of securities by 6.5%, with no regard for the problem with the security of chips.

Securities of Tesla Inc. also suffered a decline of 2.3%. This drop of quotations was caused by the fact that the deliveries of the sedan Model 3 in the last quarter of the previous year did not meet the expectations of the market. Because of certain problems, Tesla’s management had to postpone the full-scale production of the new sedan until the end of the first half of this year.
The latest surprise in the securities market was the drop of shares of Sprint Corp. (mobile operator). The company’s securities showed a decrease by 6% against the background of the appointment of a new president and a financial director. Michel Combes, dismissed from another large company for bad profit forecasts, will take office.

Other weighty indices also showed an excellent growth:

  • Standard & Poor’s 500 has risen to a value of 2,722.10 points.
  • Nasdaq Composite has grown to a value of 7077.87 points.

The material was prepared with the participation of Katya Gordon,
a leading analyst of the brokerage company CT Trade

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1 Comment

  1. Gabriel Wickwire
    Gabriel Wickwire May 26, 14:48

    Thank you for sharing, fantastic blog…

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