The S&P 500 also ended at a record high for two days in a row
As expectations for an economic recovery in the US stock market increased, the Dow and the S&P 500 ended at record highs for three and two consecutive trading days, respectively.
On the 12th (hereafter local time), the Dow Jones Industrial Average of the US New York Stock Market closed at 32,787.4, an increase of 293.05p (0.9%) from the closing price of the previous trading day, and the Standard & Poor’s (S&P) 500 Index was 4.0p (0.1%). It rose to 3943.34.
On the other hand, the Nasdaq Composite Index closed at 13,319.86, 78.81p (0.59%) lower than the previous day’s closing price.
The Dow Index rose for six consecutive trading days, breaking an all-time high based on the closing price for three consecutive trading days. This week’s total increase rate was 4.07%, the largest increase after recording 4.08% in the second week of November last year. The weekly volatility rate of the Dow Index, which showed an uptrend for three consecutive weeks from the first week of last month and turned downward in the last week, turned back to an upward trend from last week.
The S&P 500 index ended at an all-time high for two consecutive days, with a four-trading day rise. This week, the rate of change recorded a total increase of 2.64%, turning up the previous week and increasing the trend.
The Nasdaq, which turned upward the previous day, turned to a downward trend on this day, and this week, alternated between cold and hot baths. However, this week’s total change rate rose 3.09%, recovering from the weekly decline for the third consecutive week.
The Wall Street Journal reported that the Dow scored a record six times in a row, fueled by signs of a US economic recovery, and that it reached a record high since November.
Meanwhile, as everything from financial companies to Tesla to GameStop progressed, the stock price generally rebounded this week.
The media said there was a flood of news this week raising the outlook for the U.S. economy, and President Joe Biden signed a $1.9 trillion fiscal stimulus on Thursday, and he said, “All adults in the United States will be vaccinated by May 1st. You will be eligible,” he wrote.
Europe’s major stock markets, which have been on the rise recently, have been mixed. On this day, the UK London Stock Exchange FTSE 100 index closed at 6761.47, up 0.36% from the closing price on the previous trading day, and the French Paris Stock Exchange’s CAC 40 index rose 0.21% to 6046.55.
On the other hand, the German Frankfurt Stock Exchange’s DAX 30 index fell 0.46% to close at 14,502.39, while the pan-European index Euro Stoxx 50 index fell 0.32% to 3833.36.
International oil and gold prices fell. On that day, the price of West Texas crude oil (WTI) in April on the New York Commercial Exchange closed at $65.61, down by $0.41 (0.6%) per barrel from the previous trading day, and the price of April gold on the New York Merchandise Exchange was $2.80 (0.2%). It fell to $1719.80.
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