Dow upsurges as investors get drawn to the energy sector among others
As the economy reopens in America and people endeavour to return to normal, investors are primarily drawn to stocks that are expected to perform well, one of them being Dow’s. The Dow Jones Industrial Average has seen a bump of 1.45% today and it has been doing this well if not better ever since the Fed’s announcement indicating the coming trends in the Monetary Policy.
“It’s a Dr Jekyll and Mr Hyde market. Last week it was Mr. Hyde and today it’s Dr. Jekyll coming out. Today, there’s not a lot of fear out there, and that worries us more than anything else,” said Jeff Carbone, Co-Founder, Cornerstone Financial Partners.