The Dow Jones index broke through the 15,000 point threshold for the first time ever on Tuesday.
The index, which has been on a steady upward trajectory for the past six months, gained another 87 points, or 0.6%, to close at a new peak of 15,056 yesterday. The record high comes following similar gains for other indices, including the S&P 500. The S&P 500 rose 0.52% to close at 1,626, pushing further above 1,600. The latest move up was triggered by strong factory results from Germany coupled with hopes of further central bank action to boost growth. On Monday, the European Central Bank moved to cut interest rates to a record low of 0.5% and the Bank's head Mario Draghi said ...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes