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Dow Jones Crosses 22300 For First Time In Its History

Published 18/09/2017, 15:26
Updated 21/10/2020, 09:15

A record-breaking open from the Dow Jones kept the European indices feeling positive this Monday afternoon.

The Dow only needed to rise 0.3% after the bell to hit a new 22300-plus high; the S&P 500 followed suit, climbing above 2500 for the first time in its history. The recent surge from the US indices has lined up with the dollar’s September decline against the pound, where it has shed nearly 5% in the last 18 days.

There are still threats to these Dow highs out there, however. The North Korea situation is far from resolved, even if the markets have reacted with diminishing returns to each successive missile launch, while Donald Trump is yet to deliver on the tax and infrastructure promises that was so instrumental to the index getting to these current levels.

Over in Europe the US open allowed the FTSE to widen its gains once again. The UK index is now up half a percent, putting some distance between it and its sub-7200 low last Friday. The DAX and CAC, meanwhile, couldn’t recapture their peak growth, instead settling for 0.3% rises apiece following the euro’s inflation-supported gains against the dollar and the pound.

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