Stocks That Will Push the Dow Jones to 25000
- Author: Desiree Holland Aug 09, 2017,
Aug 09, 2017, 0:06
The Dow Jones Industrial Average rose 25.61 points, or 0.12 percent, to close at 22,118.42.
The Nasdaq is the strongest index today, rising by 32.209 points or 0.51% at 6383.773, but is still off it's record high close at 6422.747.
As of 9:15 a.m. local time, the 225-issue Nikkei Stock Average edged up 3.32 points, or 0.02 percent, from Monday to 20,059.21. While the average one week return is below the average of all one week periods, over the following week, month, and three months, the DJIA not only saw better than average returns, but the consistency of positive returns was also greater than normal.
The Dow is on track to post gains for the 11th straight session, the blue-chip index's longest streak for consecutive gains since February, driven by a strong quarterly earnings season.
Tesla edged up 0.26 percent after the electric vehicle maker said it plans to raise about $1.5 billion in a bond offering.
Apple rose 1.4 percent, and Wal-Mart climbed 1 percent.
Another consumer stock to look forward to is Tyson Foods Inc.; it manages to increase by tremendous 5.7% after revenues topped forecasts on recent quarter performance report.More news: We saved South Korea once, but not again
Medical device company NxStage Medical jumped 28.2 percent after it agreed to be bought by Fresenius Medical Care.
According to Robert Pavlik of Boston Private Wealth, "We have a low-inflation environment, low-interest rates, and corporate earnings have come in incredibly well".
SeaWorld Entertainment plunged as much as 18.44 percent to a record low after the theme park company's quarterly revenue missed expectations.
The S&P's consumer staples index, up 0.7 percent, and its technology index, up 0.6 percent were the benchmark's leading sectors on the day.
Declining issues outnumbered advancers on the NYSE by 1,443 to 1,367.
The euro had been buying $1.1810 before the jobs data were released, but quickly fell to $1.1733.