Dow Jones breaks 16,000 barrier

<p>The Dow Jones has hit a new record high.</p>

The Dow Jones industrial average has hit a new record high today (November 18th), breaking through the 16,000 barrier for the first time.

In the early hours of trading in the US today, the index climbed above 18,000, while the Standard & Poor's 500 index was also up and crossed 1,800 points.

The US economy is growing and this has helped to boost the country's main stock markets, with jobs being created and companies recording strong levels of profits.

Indexes have also got a boost from the relaxed monetary policies of the US Federal Reserve, which has so far held back on loosening its quantitative easing scheme.

The Dow Jones is in the middle of a strong run of performances and earlier in the month it set a new record closing high, ending at 15,746 on November 6th.

In the two weeks since that milestone, the index has continued to push on and is now breaking fresh ground, a positive sign for the burgeoning US economy.

Find up to date information on the FTSE 100 and spread betting strategies at City Index

Build your confidence risk free
Join our live webinars for the latest analysis and trading ideas. Register now

StoneX Financial Ltd (trading as “City Index”) is an execution-only service provider. This material, whether or not it states any opinions, is for general information purposes only and it does not take into account your personal circumstances or objectives. This material has been prepared using the thoughts and opinions of the author and these may change. However, City Index does not plan to provide further updates to any material once published and it is not under any obligation to keep this material up to date. This material is short term in nature and may only relate to facts and circumstances existing at a specific time or day. Nothing in this material is (or should be considered to be) financial, investment, legal, tax or other advice and no reliance should be placed on it.

No opinion given in this material constitutes a recommendation by City Index or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although City Index is not specifically prevented from dealing before providing this material, City Index does not seek to take advantage of the material prior to its dissemination. This material is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

For further details see our full non-independent research disclaimer and quarterly summary.