Dow Jones Industrial exceeds 37,300 points for the first time - record rally continues

Dow Jones Industrial exceeds 37,300 points for the first time - record rally continues

According to a report by www.deraktionaer.de, the Dow Jones Industrial jumped above the 37,300 point mark for the first time on Friday shortly before the market closed and closed with an increase of 0.15 percent to 37,305.16 points. This means an increase of almost three percent over the course of the week. Since its interim low in October, its profit has now totaled a good 15 percent. The market-wide S&P 500 closed almost unchanged on Friday with minus 0.01 percent to 4,719.19 points, while the Nasdaq 100 rose by 0.52 percent to 16,623.45 points.

Boeing shares were the top gainer on the Dow Jones, rising 3.1 percent. The major Swiss bank UBS has raised the price target for Boeing and confirmed the rating as “Buy”. The shares of Intel (plus 2.2 percent), Salesforce (plus 1.7 percent) and Microsoft (plus 1.3 percent) also performed strongly in the Dow at the end of the week. In the S&P 500, First Solar shares were the clear winner of the day with an increase of 6.6 percent, benefiting from a buy recommendation from US bank Jefferies. In the Nasdaq 100, shares of JD.com and Costco Wholesale rose more than four percent each, largely due to stimulus measures from China's central bank.

This data shows that both the Dow Jones and technology stocks have picked up steam and continue to post robust growth. The positive analyst comments and buy recommendations have contributed to an additional upside. The Chinese central bank's stimulus measures have also had a positive impact on the stock markets.

As a result, it is expected that investor confidence in the market will be strengthened, which could lead to further price increases. This is also likely to have a positive impact on consumers and the industry as a whole, as rising stock prices are often accompanied by a more optimistic economic outlook.