U.S. stock indexes climbed to new records recently, fueled by strong corporate earnings that beat Wall Street expectations. This time, however, it is not just tech or biotech stocks that led the markets—industrial and consumer stocks have been among the biggest winners.
The Dow Jones Industrial Average broke 22,000 on Aug. 2 for the first time, recording a nearly 24 percent increase since the election last November. Other indices, including the S&P 500 and the Nasdaq Composite, also posted all-time highs in July and August.
The aerospace giant Boeing Co. (ticker symbol: BA) was the top performer on the Dow index recently. Fueled by strong results in the second quarter this year, the company’s shares soared nearly 23 percent in July, a performance not seen since October 1982.
Boeing shares accounted for more than half of the Dow’s gain for the month, according to Morningstar.
