FX.co ★ Dow Jones hits new highs

This year the US stock index Dow Jones Industrial Average hit many records. Of course, the world's biggest economy has many records, but achievements of the Dow Jones deserve special attention.

Since the beginning of the year, the index has reached new highs 49 times, and, apparently, it has more room to grow. A few days ago, the Dow Jones rose above the level of 23,000 for the first time in history. The Dow Jones has defined the US financial market for more than 100 years. The notable success of the index divided market participants into two camps. Some people are full of optimism and expect the index to hit new highs, others believe that such a steep rise will be followed by an imminent fall. They think that the shares of many US companies are highly overvalued. For example, MarketWatch experts cite Black Monday happened 30 years ago as an example. Then, on October 19, 1987, during one session, the Dow Jones dropped by 23 percent.