The Dow Jones Industrials Index, which groups 30 of the main companies in the United States, surpassed the level of 35,000 points on Monday for the first time in its almost 125 years of history, which implies a revaluation of more than 70 % from the ‘Black Monday’ of March 2020 and a gain of almost 5,000 points since Joe Biden’s victory in the US presidential elections.

Before the first hour of trading on Wall Street, the selective reached 35,034.23 points, 0.7 % above the level of Friday’s close.

So far this year, the Wall Street selective accumulates a revaluation of more than 14 % thanks to the impulse of the billionaire stimulus programs approved and the progress in vaccination campaigns, which feed the expectation of a total reopening of the economy that allows the rebound of activity in the second semester.

The Dow Jones index, which crossed the 30,000 point barrier for the first time on November 24, pulverized all the milestones in its climb, surpassing 31,000 points at the beginning of January and 32,000 at the end of February, while that in mid-March it reached 33,000 points and on April 15 it reached 34,000 for the first time.

Since Joe Biden took office as president of the United States on January 20, the Dow Jones of Industrialists grew by almost 4,000 points, compared to the increase of 10,000 integers throughout the term of Donald Trump, who found the selective at 20,000 points on January 25, 2017, a few days after officially taking over the US presidency.

K. Tovar

Source: AméricaEconomía

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