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Dow Increases By Over 100 Points

Following better-than-anticipated earnings from pharmaceutical company Johnson & Johnson on Thursday, the Dow Jones Industrial Average increased for a ninth day in a row. The daily winning streak was the Dow’s greatest since 2017.

Post-earnings falls in trader favourites Tesla and Netflix hurt the overall market, though.

The 30-stock Dow Jones, which is less reliant on tech stocks, rose 163.97 points, or 0.47%, to settle at 35,225.18. In order to reach 4,534.87, the S&P 500 fell 0.68%. To end the trading session at 14,063.31, the Nasdaq Composite dropped 2.05%. Since February of last year, the blue-chip indicator has outperformed the tech-heavy Nasdaq 100 index by a wide margin, and that difference has increased thanks to the Dow’s rise.

Source (CNBC)

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