The industrial average of Dow Jones broke another important point on Friday: 28,000 people.
After hovering near this level for much of the day, prompted Twitter attention from the White House, the index finally broke moments before the New York Stock Exchange closing bell. Apple fueled the climb, gaining nearly 31 percent in the 90 trading sessions, as the index reached 27,000 and added over 421 points. The tech giant's profits were driven by two-fourths of strong quarterly revenue and strong demand for the new iPhone 1
Another stock market record, 21 times this year, despite the ongoing and wholly unfounded, witch hunt and Democrat Party that would rejoiced to see a nice, big, juicy recession, "President Trump tweeted on Friday morning.
A Republican, Trump has repeatedly complained that the Democratic-controlled impeachment investigation of the House of Representatives is unfounded and argues that
Together with Apple, several other heavyweights contributed to the meteoric rise of the Dow since July 11. JPMorgan Chase and United Technologies collected more than 13 percent during the period and are responsible for a combined 220 advance points.
|AAPL||APPLE INC.||265.76||+3.12||+ 1.19%  JPM [1 9659013] JP MORGAN CHASE & CO., LTD.||129.53||+0.93||+ 0.72%|
|UTX||UNITED CORPORATION OF TECHNOLOGIES||149.36||+1.25||+. 25||+. 25||+. 25||+ 0.85||+ 0.85||+ 0.85||+ 0.85||+ 0.85||+ 0.85||+ 0.85||+ 0.85||+ 0.85||+ 0.85||+ 0.85] BA||BOEING COMPANY||371.68||+4.24||+ 1.15%|
Even Boeing, which has been fighting an accident in two fatal crashes involving its 737 Max aircraft, has given a boost. Shares of the aircraft maker have risen 3.6 percent since the Dow crossed the 27,000 plateau, with all profits coming after the company predicted Monday that the best-selling jet will return to service in January.
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Although the Dow has reached 27,000 to 28,000, the pace is however not close to the fastest increase of 1,000 index points . The honor was due to an advance of 25,000 to 26,000, which rose 4.15 percent and occurred over an eight-day period in early 2018, according to Dow Jones Market Data.
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In comparison, the slowest climb was the advance from 1000 to 2000, which Dow reached in January 1987 after 21,652 days. Of course, the index had to gain 99.59 percent in this case.