Dow Jones Industrial Average Rallies 1%, Nears 52,000
The Dow Jones Industrial Average posted a weekly gain of over 1%, closing just below 52,000, with the record high near 52,300 still in sight.
DJI
The Dow Jones Industrial Average (DJIA) ended the week as the only major US index in positive territory, rising more than 1% to settle just under the 52,000 mark. The index's all-time high near 52,300 remains within reach.
Despite the apparent strength, questions remain about the buying sources driving the rally. The Dow's defensive posture this week suggests caution among investors, even as the index outperformed the S&P 500 and Nasdaq.
Source: FXStreet Forex News