Dow jumps to session highs as nearly all of its 30 components climb, led by Apple’s stock
The Dow Jones Industrial Average midday Thursday was trading near session highs, with nearly all of its 30 components advancing. In fact, 29 out of the 30 Dow components were trading in positive territory, led by Apple Inc. , which was up $4.84, or 2.2%, contributing about 33 points to the price-weighted blue-chip index. Only shares of DowDuPont Inc. were lower. The Dow was up nearly 170 points, or 0.6%, at 26,551, with the rise coming a day after the broader market saw a late-day stumble following the Federal Reserves quarter-percentage point rate increase, which was widely expected, and after a news conference by Fed Chairman Jerome Powell at 2:30 p.m. Eastern. Thursday’s rally, if it holds, would more than erase Wednesday’s slide. The S&P 500 index , meanwhile, was up 0.7% at 2,925, while the Nasdaq Composite Index advanced 0.9% at 8,062. All three benchmarks were trading near all-time highs.
Source : MTV
