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The Dow Jones Industrial Average crossed another major milestone on Friday: 28,000.
Apple fueled the climb, rallying nearly 31 percent over the 90 trading sessions since the index topped 27,000 and contributing more than 421 points.
The tech giant’s gains were driven by two quarters of strong quarterly earnings and robust demand for the new iPhone 11.
JPMorgan Chase and United Technologies both rallied more than 13 percent in the period and are responsible for a combined 220 points of the advance.
US RECESSION ODDS ARE DWINDLING, KEY INDICATORS SHOWAs quickly as the Dow has marched from 27,000 to 28,000, though, the pace is nowhere near the index’s fastest 1,000-point gain.
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