Economic news

Dow surpasses 25,000 mark, other main indexes show similar results

The Dow surpassed the mark of 25,000 on Thursday, which is the first such instance, while other main indexes jumped setting records once more, driven by positive global economy figures.

Last year the blue-chip index got above 5,000-point notch thanks to strong corporate profits, as well as the possibility of the US President putting a focus on growth.

The Dow attained the level of 5,000 points faster than in a year time, which has never happened since the index was initiated in 1896.

This year began famously for Wall Street. The S&P index reached unprecedented 2,700 two days ago, while the Nasdaq closed at the mark above 7,000 a day before. Yesterday the two finished with the best results in history.

There are those, who believe that volatility will find its way back and drag down the market over a period of time in 2018, Quincy Krosby of Newark’s (NJ) Prudential Financial said.

However, while economic expansion and profits keep on moving up, they make sure there’s a strong driving force and the current events reflect that investors believe the conditions will stay strong for the next several some months at the minimum, she also said.



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