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DJ hits 22.000 points reaching new historical high

03 August 17 - Irene Theofanidou
DJ hits 22.000 points reaching new historical high

COMPANIES

NAI Hellas

Consultant - GREECE

PEOPLE

The Dow Jones industrial average closed above 22,000 this week, setting a new record high in what has become one of its longest bull markets in history.

 

The extraordinary rise of the stock markets since early 2009 — when the Dow was a mere 7,063 — has greatly fattened the portfolios of American investors, especially the wealthiest ones, according to the Washington post.

And it has played a role in boosting the political fortunes of President Trump who on Wednesday once again took credit for the markets’ performance.

The surprisingly persistent gains this year have come courtesy of robust profits at big companies, low interest rates, and a rare alignment of developed economies in good or improving health at the same time.

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