Stocks Breaking Record High - Dow Reaches 23,000 Milestone
- Trade Magnates Team
- Oct 18, 2017
- 1 min read
Trade Magnates -U.S. futures point for record highs with the Dow above 23,000 milestone for the first time. The sold earning results have given the Dow another 1000 points increase in a very short time.
The sold earning reports and the hopes that President Donald Trump may be able to make progress on tax cuts have helped the us futures to break the records as the Dow has rallied up around 0.40%, S&P500 0.18% and the Nasdaq100 around 0.07%.
Among individual movers, shares of IBM surged nearly 8% after the tech giant reported better-than-expected quarterly results late Tuesday.The market indicates to a rate hike by the central bank before the end of the year despite the inflation status.
Another good day for the U.S. stocks breaking records high on Wednsday.