Dow finishes above 32,000 milestones for the first time. That’s how he got there

The rise in the chip index comes as economic data suggests that worries about inflation out of control may have been excessive, at least in the short term, helping to drive a rebound in those stocks that may perform better in the context of an improved business environment.

In addition, the House, in a 220-211 vote, passed a $ 1.9 trillion coronavirus relief bill and sent it to President Biden for signature, legislation that seeks to provide a round of new spending and anti-poverty measures through Congress. It is presented as Johnson & Johnson JNJ-sized vaccine releases,
+ 0.92%
they are encouraging the prospect of a strong rebound after the public health disaster.

In this context, the Dow DJIA,
+ 1.46%
it has managed to rise despite the turmoil of recent weeks and growing concerns about stock market valuations.

An increase in benchmark bond yields has also driven a rotation of high-flying technology and growth-oriented actions and those considered more cyclical in nature, such as energy, industry and finance, which should have better performance as the economy improves.

Specifically, Goldman Sachs GS,
+ 3.46%
it was the main contributor to the Dow’s 1,000-point rise, with more than 330 points, according to Dow Jones Market Data. The Boeing Co. BA,
+ 6.39%,
adding 214 points, it was the second best contributor to the price-oriented index.

Here is a complete list of leaders and retarders:

It should also be noted that the higher the Dow rises, the smaller each percentage of each 1,000-point move, but individual investors have tended to pay close attention to the Dow when sculpting new milestones.