قالب وردپرس درنا توس
Home / Business / The Dow could reach a new record high today

The Dow could reach a new record high today



At the close on Friday, the Dow was only 0.4% or 109 points below its record.

Two more trading hours, the Dow ( INDU ) has risen by 0.1% or 38 points. The S & P 500 ( SPX ) and the Nasdaq Composite ( COMP ) both slid into negative Range down The S & P barely changed and the Nasdaq lost 0.1%. The S & P reached a closing record on Thursday.
The Dow could be "thousands of points" higher if the "Fed did it right", according to the tweet of President Donald Trump. For a long time, the president criticized the Federal Reserve for raising interest rates, which it considers to be a hurdle to US growth.

But the situation in the Middle East keeps oil prices higher.

Last week, US oil futures rose more than 9%. Futures rose 0.1
% on Monday to $ 57.47 a barrel. In a Tweet Trump said, although many countries rely on local oil: "We do not even have to be there because the US (by far) has become the largest energy producer anywhere in the world! "

Gold remains a hot commodity. Geopolitical concerns, coupled with a weaker US dollar, give the safe-haven metal a significant boost. After rising more than 4% last week, gold futures rose 1.3% to $ 1,414.10 an ounce.

Gold surpassed $ 1,400 at the end of last week, marking an almost six-year high.

Watching next week, market participants will be all about the G20 summit in Japan as Trump and Chinese President Xi Jinping will meet at the summit and talk about trade.

Even if no agreement is reached immediately, their meeting could set the tone for the next phase of trading spewing.


Source link