The Dow Jones Industrial Average had its biggest rally yesterday and it turned out to be biggest rally of this year too. This has happened because the takeover speculation that the mining shares and General Motors jumped after an analyst upgrade. The General Motors which is the world’s largest automaker has suddenly climbed to an 18-month high against the Dow Jones making it a leading one.
The Dow industrials rose 0.8 percent, to 12,654.85, the best performance since Dec. 27. The S&P 500 added 0.8 percent, to 1444.26, with all 10 of its industry groups posting gains. The NASDAQ Composite Index advanced 0.4 percent, to 2459.88.
In my opinion Dow Jones had done an amazing job for the U.S stock market…Let hope for the same stability in future too.
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