Dow Jones bursts through 26000 in record seven trading days

Image Courtesy Twitter @Nasdaq

In 2017, the S&P 500 soared 19.4 percent while the blue-chip Dow Jones Industrial Average gained 25 percent and the tech-heavy Nasdaq added 28.3 percent - the strongest performances since 2013.

Cruz added that the Federal Reserve Bank of New York's business conditions index, which came in slightly below expectations on Tuesday, may have also contributed to Wall Street's dip. Causes of recent rises in stock prices Trump's recent tax cuts promise to increase the profits of most USA companies and also the temporary cuts for individuals may stimulate demand.

US stocks closed higher on Wednesday, with major indexes ending at records and the Dow closing above 26,000 for the first time as equities jumped in a broad advance. ASML Holding ( ASML ) rallied 6.9% after reporting strong earnings for the three months ended December 31 and naming a new chief financial officer.

The Dow had traded above that level on Tuesday but wound up closing lower that day.

Investors were watching for the impact of Washington's latest tax changes on USA companies as earnings season for the final quarter of 2017 gets into full swing.

Glenveagh Properties rose 0.7 per cent to €1.24 on a day when it announced four senior management appointments.

The benchmark 10-year yield rose to trade at 2.62 percent, near a multi-year high. The S&P 500 gained slightly under one-percent to 2,802.5, with its percentage gain the largest since the end of November past year.

Global stocks mostly rose on Thursday after China reported that its economy expanded at a robust 6.9 percent annual pace in 2017. Caterpillar is up 7 percent in that time.

The recent climb by US stocks, spurred in part by synchronized global economic growth, has some investors wondering if there's too much short-term froth in the market.

Germany's DAX gained 0.1 percent and France's CAC 40 fell 0.1 percent. However, the UK's FTSE 100 index fell 0.2 percent.

Bank of America reported adjusted Oct-Dec earnings that surpassed analyst estimates.

The US currency was up to 110.75 yen from 110.52 yen on Monday.

United States crude is down 0.31% at the time of writing at US$63.77 a barrel. The euro strengthened to $1.2281 from $1.2258.

In related news, Director Mark Edward Thompson sold 1,000,000 shares of the firm's stock in a transaction dated Tuesday, November 7th. The futures allow investors to make bets on the future price of bitcoin.

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