US Stock Index Sets Historic Record of 18,000 Points

Following reports of increased economic growth in the United States, New York stock indices, particularly the S&P 500 and Dow Jones, have risen over the past four days, setting a historic record on Tuesday, December 23. The Dow Jones index surpassed the 18,000-point mark on this day, an unprecedented achievement in the history of the New York Stock Exchange. According to Reuters, based on estimates from the US government, the economic growth for the third quarter has reached 5%, the highest figure in the past 11 years. This economic growth has been attributed to increased consumer spending and business expenditures, aided by a decrease in global oil prices. In previous reports from the US Department of Commerce, this figure was reported as 3.9%. The recent report has strengthened the outlook for a 4.3% growth in the US for the current year. On the other hand, the Wall Street stock index has increased for the fourth consecutive day, and the S&P 500 has reached a new record for the fiftieth time this year. This index has increased by 5.4% over four consecutive days, marking the best performance since mid-2010. Meanwhile, the Nasdaq index has also risen by 0.11% to reach 4,786 points. The Dow Jones Industrial Average is one of three performance indices of the New York Stock Exchange. The Nasdaq is another performance index of the New York Stock Exchange, considered the largest electronic stock trading market in the US. The S&P 500 is the third performance index of the New York Stock Exchange, consisting of shares from 500 major companies listed on the exchange. Recently, the US Department of Energy reported that due to the halving of oil prices, each American family will save about $550 over the next year. This saving will enable consumers to spend more and businesses to invest more. The stock values of airlines and shipping companies have also increased in recent months.