Click Now!

Dow Jones Industrial Average Climbs After Strong US Economic Data

Dow Jones Industrial Average Climbs After Strong US Economic Data

There was a general downwards trend in the Dow Jones Industrial Average last week. After opening on Monday at 17,254.50 it fell to 17,055.87 on Tuesday before jumping back to 17,219.50. However, it then fell as low as 16,954.80 before closing the week at 17,113.15.

The end of week rise was mainly due to data which showed that the US economy grew at its fastest rate in 2.5 years in the second quarter of this year. The data boosted expectations that the Federal Reserve will raise interest rates earlier in 2015 than previously thought.

Leading companies on the Dow Jones included Nike Inc., Cisco Systems and American Express Company. With more strong data expected from the US in the coming weeks, and the dollar gaining in strength, the Dow Jones should continue to climb in the coming days.

OCA News Editor

Jenny McKinnley is OCA’s financial correspondent. After spending years on the trading floor in both NY and London, she offers insight from the inside out on world financial news and events.

COMMENTS

comments

Calendar

September 2014
M T W T F S S
« Aug   Oct »
1234567
891011121314
15161718192021
22232425262728
2930  

Recent Tweets