Thursday, August 3, 2017

Why the Dow Is Soaring

The Dow Jones industrial average closed above 22,000 for the first time yesterday. That marks yet another record high in what has become one of its longest bull markets in history.

By far the biggest contributor to this surge has been Boeing, which has accounted for 45 percent of the Dow’s rise this year, far more than any of the other 29 companies in the index. Its shares have risen by more than 70 percent since last November.

Since the Dow hit 20,000 in January, investors have received a 57 percent return on investment from Boeing. They've also gotten a 37 percent return on Apple, and a 29 percent return on McDonald’s.

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