DJIA Marks 23,000 Intra-day as The Trump Rally Extends

DJIA Marks 23,000 Intra-day as The Trump Rally Extends

DJIA Marks 23,000 Intra-day as The Trump Rally Extends

$DIA, $SPY, $QQQ, $VXX

The Dow Jones Industrial Average (DJIA) broke above the 23,000 mark intra-day for the 1st time Tuesday, driven by strong earnings from UnitedHealth (NYSE:UHC) and Johnson & Johnson (NYSE:JNJ), finishing the session just below that milestone mark.

The index, which surpassed similar 1,000-point marks 3X this year, has been steadily moving higher and is up 2.6% MTD, putting it on track for a 7th monthly advance running.

Shares of the largest US health insurer UnitedHealth touched a life intra-day high and closed up 5.5% after the company reported a stronger-than-expected profit and raised its full-year earnings forecast.

The DJIA rose 40.48 points, or 0.18%, to end at 22,997.44 after rising as high as 23,002.20.

The S&P 500 gained 1.72 points, or 0.07%, to 2,559.36. and the NAS Comp dropped 0.35 point, or 0.01%, to 6,623.66.

Tuesday, the US major stock market indexes finished at: DJIA +40.48 at 22997.44, NAS Comp -0.35 at 6623.65, S&P 500 +1.72 at 2559.36

Volume: Trade on the NYSE came in light again at: 692-M/shares exchanged

  • NAS Comp +23.0% YTD
  • DJIA +16.4% YTD
  • S&P 500 +14.3% YTD
  • Russell 2000 +10.3% YTD
HeffX-LTN Analysis for DIA: Overall Short Intermediate Long
Very Bullish (0.53) Very Bullish (0.52) Very Bullish (0.69) Bullish (0.38)
HeffX-LTN Analysis for SPY: Overall Short Intermediate Long
Very Bullish (0.52) Very Bullish (0.54) Very Bullish (0.60) Bullish (0.42)
HeffX-LTN Analysis for QQQ: Overall Short Intermediate Long
Bullish (0.38) Bullish (0.41) Bullish (0.31) Bullish (0.40)
HeffX-LTN Analysis for VXX: Overall Short Intermediate Long
Bearish (-0.36) Bearish (-0.34) Bearish (-0.35) Bearish (-0.39)

Stay tuned…

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