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Dow blows past 38,000 in new milestone

The Dow Jones Industrial Average rose above 38,000 for the first time in just 25 days, marking the shortest time to rise 1,000 points since 2021, according to tracked by Dow Jones Market Data Group. Ta.

ticker safety last change change %
Me: DJI Dow Jones Average 38001.81 +138.01 +0.36%

The Dow Jones Industrial Average closed at a new record high of $38,001.81 on Monday, tying it with the S&P 500, which also hit a new all-time high. All three major market averages continue to rise, riding the momentum from 2023.

“When a bull market reaches its one-year anniversary, like it did last October, it almost always has a second year. Presidential election years had a positive history of 83% in the first year, with an average return of 11%. The second year of a president's term has been negative, as in 2022, but the fourth year, like this year, has been positive since the depths of the Great Depression in 1932. The bull market is intact. ” said Ken Fisher, founder of Fisher Investments, in an interview with FOX. Charles Payne in Business.

Dow Jones Industrial Average

Travelers and Goldman Sachs posted more than 50% jumps in profits and added the most points in the move, along with Amgen, while United Health and Boeing saw their stocks fall.

ticker safety last change change %
TRV Travelers Company Co., Ltd. 213.89 +2.16 +1.02%
G.S. Goldman Sachs Group, Inc. 385.96 +3.76 +0.98%
AMGN Amgen Corporation 310.16 +2.35 +0.76%
united nations United Health Group Co., Ltd. 512.99 +9.43 +1.87%
BA boeing company 214.93 -0.09 -0.04%

Earlier this year, a door panel came off during a flight on an Alaska Airlines 737 Max jet, dealing a blow to Boeing, grounding the company and prompting an ongoing investigation by the Federal Aviation Administration (FAA) and National Transportation Safety Board (NTSB). caused it.

Alaska Airlines Flight 1282 was bound for Ontario, California, but suffered decompression in Portland, Oregon shortly after takeoff. (Reuters/Reuters Photo)

There were broader gains after Ron DeSantis wrapped up his campaign on Sunday, ahead of the New Hampshire and South Carolina primaries pitting former President Trump against Nikki Haley.

donald trump and nikki haley

donald trump and nikki haley ( )

Additionally, there are some big earnings reports this week, including from Netflix and Tesla.

Trump vs. Haley wins New Hampshire primary

ticker safety last change change %
NFLX Netflix Co., Ltd. 485.71 +2.76 +0.57%
TSLA Tesla Inc. 208.80 -3.39 -1.60%

Also scheduled to report results are Dow members including Verizon, Procter & Gamble, Johnson & Johnson, 3M, Dow, Intel, Visa, Caterpillar and American Express.

A surge in layoffs in 2023 and 2024 could lead to more of the same.

ticker safety last change change %
VZ Verizon Communications Inc. 39.59 +0.24 +0.62%
P.G. Procter & Gamble Co., Ltd. 147.86 +0.29 +0.20%
JNJ johnson & johnson 162.47 +0.79 +0.49%
Hmm 3M Corporation 108.02 +0.26 +0.24%
Dow Dow Corporation 53.56 +0.75 +1.42%
INTC Intel Corporation 48.22 +0.07 +0.15%
V Visa Co., Ltd. 271.20 +0.30 +0.11%
Cat Caterpillar Corporation 288.79 +3.50 +1.23%
AXP american express company 185.01 +1.84 +1.00%

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