The Dow Jones traded to new record-highs on Friday. The US’ blue-chip stock index closed 78.1 points or 0.28% higher at 28,455.1. Meanwhile, the price of Dow Jones CFDs traded as high at 28,508.0 before the week’s trading finished.
Gainers and Losers
Gains were led by Verizon at 2.09%. In second was 3M with a 1.87% profit. Meanwhile, Merck and Caterpillar were in third and fourth at 1.77% and 1.76%, respectively. Intel rounded up the top five with a 1.71% gain.
On the other hand, there were eight stocks which scored losses. Boeing incurred the biggest loss of 1.65% following news that its spacecraft failed its mission. Boeing Co Starliner failed to reach the International Space Station after it successfully launched on Friday.
The other stocks that finished in the red were: Nike (-1.18%0 Cisco (-0.90%), UnitedHealth (-0.69%). Goldman Sachs (-0.44%), Apple (-0.21%), JPMorgan Chase (-0.08%), and Travelers Companies Inc (-0.03%).
The hourly chart of Dow Jones CFDs shows that the stock index is testing support at the rising trend line (from connecting the higher lows of December 19 and 20). Better-than-expected US data could help the Dow Jones find support at the trend line around 28,450.0. On the other hand, if the reports fail to impress market expectations, we could see the index slide below the trend line and to 28,312.1 where it previously made highs.