The DJIA rose to a new record high of 38,001.81 today (chart). The DJTA is lagging behind the DJIA and remains below its record high. We are expecting that the DJTA will soon confirm the bullish trend of the stock market by rising to a new record high too. In extended trading, United Airlines rose more than 6% after reporting strong Q4 results.
Investors are anticipating that Q4 results for the Information Technology sector will mostly beat expectations. Industrial production of high-tech equipment soared 18.1% y/y through December with solid double-digit gains for semiconductors & other electronic components (19.9%), computer & peripheral equipment (18.8), and communications equipment (12.3) (chart).
