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23 January: Rises Anticipate Positive News From Tech Firms
Two influential US stock indices surged to all-time highs yesterday (Monday), potentially heralding the start of a bull run as a string of high-profile companies prepare to update investors, writes Andrew Michael.
The Dow Jones Industrial Average, broke through the 38,000 barrier for the first time, rising 0.4% to 38,001.81, while the S&P 500 edged upwards by 0.2% to a new high of 4,850.43, having risen by almost 26% since March last year.
Meanwhile, the US technology-heavy Nasdaq Composite achieved a 52-week high with a gain of 49.32 points, or 0.3%, reaching 15,360.29, its highest closing value since January 2022.
Technology companies have been at the forefront of…
