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Profits in Wall Street, with the Dow moving again into uncharted territories, as investors reacted positively to corporate profits, deals, and the best estimates for the growth in China.
Dow recorded an increase by 77 points or 0.45% to 17,138 points, the S & P 500 recorded profits of 0.44% to 1,982 points, while the Nasdaq strengthened by 0.22% to 4,426 points.
Mark Luschini, the chief analyst at investment strategies of Janney Montgomery Scott, said to CNBC that: “The market is moving upwards until there is a reason that will make investors lose their enthusiasm,” “Sure, to some extent they believed that Newton’s law could be applied, but we believe that evaluations are complete at collective levels, but not far fetched,” he said on the upward trend of the market, which leads the Dow and S & P 500,  at record levels or so, almost on a daily basis.

At the macro of the day, a small increase of 0.4% was recorded at the producers price index in the U.S. in June, compared with a decline of 0.2% in May, while analysts expected a smaller increase in the index by 0.3%.

Original Source: Proto Thema

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