Friday, 16 April 2021: The Dow and S&P500 clinched fresh record closing highs

Apr 15, 2021 · 5m 55s
Friday, 16 April 2021: The Dow and S&P500 clinched fresh record closing highs
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The Dow and S&P500 clinched fresh record closing highs after the latest round of economic reports continued to affirm a healthy recovery from the pandemic – Dow gained +305-points or...

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The Dow and S&P500 clinched fresh record closing highs after the latest round of economic reports continued to affirm a healthy recovery from the pandemic – Dow gained +305-points or +0.90% to 34,035.99, logging its first close above >34,000. The Dow took 20 sessions to traverse and eclipse 34,000, which marks its fourth 1,000-point milestone so far this year, already the most since 2017, which saw five such milestones, according to Dow Jones Market Data. Home Depot Inc contributed 264 points to the price-weighted Dow’s most recent +1000 point climb, with UnitedHealth Group Inc adding ~260 points and Microsoft Corp ~140 points. The broader S&P500 +1.11% to 4,170.42. The S&P Information Technology sector (up 1.79%) hit an all-time high. Energy (down 0.88%) and Financials (-0.11%) were the only primary sectors to settle lower Advanced Micro Devices was the best performing index constituent with a 5.7% gain. The Nasdaq +1.31% to settle ~0.4% below its 12 February record closing high (14,095.47). Facebook Inc (+1.65%), Amazon.com Inc (+1.38%), Apple Inc (+1.87%), Netflix Inc (+1.70%) and Alphabet Inc (+1.85%) all climbed more than >1%. The small capitalisation Russell 2000 index rose +0.42%.
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Author Morgans Financial Limited
Organization Morgans Financial Limited
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