Calm bulls Storm Dow 30 On Hopes For Tax Reform Dow surges 196 points, posts best day since April. Is the correction over for the Dow 30 index.
Renewed hope that U.S. tax reform supported the stock market higher, with the Dow Jones 30 Index posting its best day in four months.
Shares of Boeing Co (NYSE: BA) contributed the most to the Dow’s gains. It contributed 28.21 points to the Dow’s Gains.
Calm bulls Storm Dow 30 On Hopes For Tax Reform:
Dow 30 Index Stocks closed higher on Tuesday on renewed hopes of the U.S. tax reform.The Dow Jones industrial average rose 196.14 points to 21,899.89, with Boeing Co contributing 28.21 points the most to the gains. The Dow also posted its biggest one-day pop since April. Finally, Calm bulls Storm Dow 30 On Hopes For Tax Reform.
Yesterday Dow Jones 30 Index opened at 21739.78 and registers day low as 21738.13. And then Dow 30 index starts to surge to the days high of 21912.83 and the Index closed the day at 21899.89 with 196.14 gains. Yesterday I mention the Big move as calm before storm. Dow 30 closed above the resistance zone of 21820 to 21840.
On weekly analysis, resistance is placed at 21920 and 21950 if the index breaks the level the fresh rally towards all time high starts else fall towards the lower end possible. Trade carefully as the index nears to the weekly resistance level.