Key indexes on US stock exchanges rose to record levels

The Dow Jones ended up at 33,855.64.

Trading on the New York Stock Exchange opened on Thursday with strong gains in key indexes. This is evidenced by the data posted on the website of the trading platform.

The US Dow Jones Industrial Average rose 35.3 points (0.1%) to 33,855.64. The S&P 500 gained 23 points (0.55%), rising to a record of 4,206.14. The Nasdaq electronic exchange index also set a record, gaining 153.5 points (1.09%) and ending up at 14,204.51.

According to experts, the positive dynamics in the markets are provoked by the successful recovery of the US economy from the consequences of the new coronavirus pandemic. In addition, investors are encouraged by the indicators contained in the quarterly reports of large American companies.

“We see an economic recovery with strong consumption against the background of continued vaccination of the population, which is a positive factor,” The Wall Street Journal quotes Victoria Fernandez, an investment analyst at Crossmark Global Investments, as saying. “Assessing the development of the situation since January of this year, I do not see any prerequisites for the markets to behave differently.”

WTI crude oil rose in price. In June, the price of energy supplies increased by $1.04 (1.60%) to $64.68 per barrel.

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Author: Steve Cowan
Graduated From Princeton University. He has been at the Free Press since October 2014. Previously worked as a regional entertainment editor.
Function: Chief-Editor
Steve Cowan

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