The Dow Jones Industrial Average (DJIA) is reported to have managed to go above the 19000 threshold for the first time in history. This happened almost instantly after the opening of yesterday's trading session. To be more specific, the index grew all the way up to 19.013,12 points, thereby gaining some 0,3% relative to the close price of the previous trading session.
Once again, the index set a new all-time record. For those of you who don't know, the index monitoring was launched in May 1896 from 40,9 points. Also, the DJIA takes into account America’s 30 biggest industrial companies traded on NYSE and NASDAQ and representing various industries of the national economy.
On Tuesday, most of the stocks belonging to the DJIA list spend the day rallying, which is basically the key reason why the entire index went up in value. Wal-Mart, Intel, Verizon, Boeing, General Electric, and Apple turned out to be the key drivers of the DJIA rally, with most of them gaining 0,5% or more.
At the same time, S&P 500 also managed to set a new record high as well. The thing is that S&P 500 takes into account the country’s 500 biggest companies. For the first time in history, the broader market index managed to overcome the threshold of 2200 points. To be more specific, the index grew all the way up to 2203,5 points, thereby gaining some 0,24% relative to the close price of the previous trading session.
At the same time, NASDAQ Composite (which takes into account all the hi-tech stocks traded on NASDAQ) came close to the threshold of 5400 points on the same trading day. However, the index has failed to set a new record high so far. The current NASDAQ Composite all-time high was set in the 2000s during the dot-com boom. Back then, the index was growing so fast that it managed to gain a stunning 1000 points in a matter of less than 3 months.
