Dow Jones closes above 27,000 points for first time in its history

2019-07-11 21:37:08 GMT (Economies.com)
Dow Jones closes above 27,000 points for first time in its history

US stocks rose today, boosted by expectations of a near interest rate cut by the Federal Reserve, but Nasdaq shed its gains and stabilized at the end of the session, while Dow Jones and Standard & Poor's reached new milestones.

 

This comes as some remarks by US Federal Reserve President, Jerome Powell, in his testimony before the Senate today, in which he stressed the existence of pressures that harm the economy and negatively affect the confidence of the markets, but he said that hinting at the rate cut partially boosted confidence.

 

For his part, President Donald Trump said that China has disappointed Washington because of its lack of commitment to the volume of purchases of US agricultural products.

 

Data showed the number of US jobless claims have fell to 209,000 last week, while the CPI rose 0.1% in June.

 

In the crude market, West Texas fell by 0.4% and closed at $60.2 per barrel, with the highest price at $60.9 and the lowest at $60.1.

 

Brent fell 0.7% to $66.52 per barrel, with the highest at $67.6 and the lowest at $66.4.

 

At the close of the session, Dow Jones Industrial Average rose by 0.8% (equivalent to 228 points) to 27,088 points, with today's highest level at 27,088 points and the lowest level at 26,916 points.

 

Standard & Poor's also rose by 0.2% (7 points) to 2,999.9 points, reaching a high of 3,002 points and a low of 2,988.8 points.

 

Nasdaq lost less than 0.1% (equivalent to 6 points) to 8,196 points, reaching today's highest at 8,226 points and the lowest at 8,171 points.

 
 
 
  Symbol Last Change Chg.%
1.1259
-0.0014
0.1242%
1.2516
-0.0059
0.4724%
15.389
0.171
1.124%
59.562
-0.771
1.278%
66.47
0.00
0.00%
1413.385
-2.110
0.149%
 
 
US
 
Europe
 
Asia