The Dow Jones Industrial Average was up in the session to reach another record breaking high as investors expect an economic growth would pick up steam.
The index was up by 205.60 points and was last seen trading at 25,574.73, which is its highest close. Boeing lead the increase as the biggest contributor of gains. Boeing is one of the companies that stands to gains the most if the economic growth levels up.
Delta Airlines reported an adjusted earnings that jumped over analyst expectations, which sent the company’s stock 4.8 percent higher.
The Nasdaq composite was also hitting record highs, as it was seen with an increase of 0.8 percent and was being traded at 7,211.78 as Apple shares gained 0.6 percent while the S&P 500 gained 0.7 percent to end the session at 2,767.56 and was found at an all-time high, with its energy sector surging on the back of rising oil prices.
The major indices bounced back from losses posted in the previous session. The S&P 500 and NASDAQ snapped a broke a six-day winning streak in Wednesday as Investors fretted over the possibility of China stopping its Treasury bond purchases and the U.S. pulling out of NAFTA.
Andy Kapyrin, Director of research at Regent Atlantic states that “Ever since last summer, we’ve really struggled to have a meaningful pullback,” he also added optimism about the global synchronous economic recovery and the upcoming earning season.