It was yet another North Korea-triggered sell-off on the US bourses on 3 September when they announced the successful test of a hydrogen bomb, which is even more powerful than last year’s nuclear test bomb.
On 8 August 2017, the Dow Jones Industrial Average hit a new record high of 22,179 points before reversing to close lower. On days that followed, the US bellwether index went into correction before finding support around 21,600 points on 21 August 2017.
The Dow Jones Industrial Average (DJIA) recently recorded a seven-day winning streak to bring the US bellwether index to new record territory. Even an onslaught of negative news about US President Donald Trump could not dampen the Dow’s positive momentum.