Dow Jones Sets New Record, Attempting 20,000 Threshold

U.S. shares set a new round of intraday records on Tuesday with Dow Jones Industrial Average nearing the 20,000 milestone ahead of the Federal Reserve’s two-day meeting stating today.

The benchmark jumped more than 0.6 percent to 19,940, heading for a seventh-straight session of gains. The rally was led by shares of International Business Machines Corp., Nike Inc. and Apple Inc. which rose more or less than 2 percent each. Indeed, at the time of writing, International Business Machines Corp. added 2.37%, Nike Inc. gained 1.85% and Apple Inc. climbed 2.15%.

Investors are focusing on the Fed’s coming interest-rate decision which is widely expected to witness a change by a quarter percentage point. Markets will also closely scrutinize the Fed’s President Janet Yellen’s remarks for clues to the central bank’s plans for 2017.

Trade suggestion

Buy Stop at 19,950.00, Take profit at 20,000.00, Stop loss at 19,920.00

 

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