SMI & Dow Jones On The Rise

SMI & Dow Jones On The Rise

ven, Mai 17th 2024

The Dow Jones Industrial Average hit a record 40,000 points, while the Swiss benchmark index SMI continues its upward trajectory.

Keystone/JUSTIN LANE

Swiss stocks showed gains late Thursday, with the benchmark index SMI moving closer to the 12,000-point mark. Although this isn’t a new record for the SMI, which surpassed 12,000 in 2021, it indicates a positive trend in the Swiss market.

On the other side of the Atlantic, the Dow Jones Industrial Average, the leading US index, broke through the 40,000-point mark for the first time. After a slow start, the index gained up to 0.2% and hovered around this new milestone.

This record rally in the US stock markets continued with the technology-heavy Nasdaq 100 Index also setting new records with moderate gains. According to Hans Bernecker, a stock market letter author, this was a significant benchmark for investors. The trend was sparked by renewed hopes of an interest rate turnaround in the USA, bolstered by the latest inflation data.

Additional Swiss Market Context:

Despite these positive movements, the SMI’s current rise does not match its previous peak. The SMI remained above the 12,000-point mark for almost a year before dipping below it again in 2022. Investors remain optimistic as the index edges upward again.

©Keystone/SDA

Articles connexes

Rester en contact

À noter

the swiss times
Une production de UltraSwiss AG, 6340 Baar, Suisse
Copyright © 2024 UltraSwiss AG 2024 Tous droits réservés