23 Dec 2014
DJIA trades above 18,000
FXStreet (Mumbai) - The Dow Jones Industrial Average (DJIA) rose above 18,00 for the first time as the strong US third quarter GDP report triggered buying interest right from the opening bell.
The DJIA index currently trades 0.30% higher at 18,012.50 levels, compared to the previous session’s close of 17,959.44 levels. The index breadth is positive with an advance-decline ratio of 24:6. Among the index stocks, DuPont is the top gainer, up by 1.03%, followed by a 1% gain in Boeing share price. Microsoft, Caterpillar, and Cisco are up in the range of 0.8% to 1.0%. Meanwhile, Merck&Co is the top loser so far, down by 1.44%, followed by a 1.01% fall in Pfizer share price. Other major losers include J&J, General Electric, and Exxon Mobil.
The stock markets in the US extended gains from the record high closing levels of the previous session, after the commerce department reported the third quarter annualized economic growth at 5.00%, beating the previous estimate of 3.9%. A stronger-than-expected GDP data overshadowed a surprise drop in the Durable goods orders in November.
The DJIA index currently trades 0.30% higher at 18,012.50 levels, compared to the previous session’s close of 17,959.44 levels. The index breadth is positive with an advance-decline ratio of 24:6. Among the index stocks, DuPont is the top gainer, up by 1.03%, followed by a 1% gain in Boeing share price. Microsoft, Caterpillar, and Cisco are up in the range of 0.8% to 1.0%. Meanwhile, Merck&Co is the top loser so far, down by 1.44%, followed by a 1.01% fall in Pfizer share price. Other major losers include J&J, General Electric, and Exxon Mobil.
The stock markets in the US extended gains from the record high closing levels of the previous session, after the commerce department reported the third quarter annualized economic growth at 5.00%, beating the previous estimate of 3.9%. A stronger-than-expected GDP data overshadowed a surprise drop in the Durable goods orders in November.