Dow Jones industrial average has broken 20,000…
This article is originally referred from FXGiants News.
Market News | The Dow Jones industrial average has broken above the psychological round figure of 20000, an all-time high.
- Even though there was no real fundamental news today to justify the move, the overall market sentiment is risk-on (stocks higher across the board, safe havens like gold lower).
- Also, the latest news regarding President Trump clearing the way to build oil pipelines, and the possibility that he signs an executive order in the next days to build the wall on the Mexican border, may have been factors that supported the move.
- One of the main gainers today is Caterpillar, which is likely to benefit from future infrastructure spending. Also, Boeing posted earnings much higher than what was expected for Q4, which added further fuel to the surge in the index.
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Original Source: FXGiants News