US Stocks were high on early trading, Dow touched 22,000 psychological levels
US Stocks were high on early trading, Dow touched 22,000 psychological levels

Today’s rally came with a strong rally over 6% of Apple‘s shares. The world’s largest publicly traded company has raised expectations for strong quarter results and iPhone sales reports.

The Dow Jones Industrial Average (DJIA) has risen 60-points to 22,015, the Nasdaq Composite has risen 18-points to 6,380, and the S & P 500 Index has remained flat at yesterday’s close to 2,476 points.

On the economic data front, the ADP Employment Change report showed that the private sector continued to be strong by creating 178K new jobs in July, slightly below market expectations. The report pointed to possible strong data from the Friday US Non-Farm Employment report and added to the ongoing positive market sentiment.

NO COMMENTS

LEAVE A REPLY