From NASDAQ.: 2024-05-10 11:14:00

The Dow Jones Industrial Average outperformed the other major indices, driven by optimism around rate cuts, strong earnings, and stock buybacks, marking its longest winning streak of the year. Apple, Amazon, Amgen, Boeing, and Goldman Sachs were among the top performers, fueling the index’s upward trajectory.

Amazon’s blockbuster first-quarter results boosted the Dow after joining the index in February. Apple also contributed to the index’s gains with strong second-quarter fiscal results. Amgen surged on positive earnings and test results for its weight-loss drug. Bank stocks and small caps also led the blue-chip index to new heights.

Amgen, Amazon, Apple, Boeing, and Goldman Sachs were highlighted as the index leaders, each showcasing strong performance. Amgen rose 14.5% this month, while Amazon and Apple saw positive earnings revisions. Boeing demonstrated solid growth potential, and Goldman Sachs showed strong earnings with a positive outlook.

Zacks Investment Research released a Special Report on Bitcoin, predicting significant profits based on previous election year returns. Bitcoin saw notable increases in 2012, 2016, and 2020, with a steady uphill trend expected to continue. Interested investors can access the report for more insights on Bitcoin’s potential.



Read more at NASDAQ.: 5 Stocks Driving Dow’s Market-Beating Performance