Dow Jones Industrial Average reached a milestone of 30,000 points this Thursday. This was historic since, after 1987, it has surged up so high this year only. This surge was a bonus for the small market capital stocks also. The current political scenario and the coming up of vaccines has made this possible. After Pfizer and Moderna, now AstraZeneca has claimed that its vaccine has shown the effectiveness of 70% on its candidate. With a lot going on in the finance and stock sector, Dow Jones managed to rise as high as 12%.
The very next day, however, there was a dip and the Dow Jones Industrial Average fell by around 173.77 points which accounted for about 0.6%, and the pints reached 29,872.47. The S&P 500 also saw a dip and it went down by 5.76 points or 0.2%. The NASDAQ Composite, however, performed well, or let’s say, outperformed by rising to 0.5% or 57.62 points making the points count reach up to 12,049.40. The economy suffered greatly during this pandemic and now we can witness the signs of recovery.
How the surge of Dow Jones affected the Companies?
This surge worked out well for many of the firms and they also stayed up high. The stocks of these companies performed well in the stock market. Let us have a look at the companies which had an overall good performance.
This company’s quarterly earnings have come out to be well and more than expected. Deere & Company has earned $2.39 per share and the shares of this company also rose by 1.8% during the time of premarket trading. The company expects better earnings in the upcoming year 2021.
Deere & Company: (NYSE: DE)
- 52 Week Range: $106.14 – $265.87
- Average Volume: 1,587,472
- Market Capital: $80.395B
- Forward Dividend and Yield: 3.04 (1.16%)
This is the company which has brought about a change recently. It plans to quickly distribute the vaccine within the United States and also around the world. Within 24 hours of getting approval from the Food and Drug, the company will supply 6.4 million doses of the coronavirus vaccine in the United States.
Pfizer Inc. (NYSE: PFE)
- 52 Week Range: $26.45 – $39.84
- Average Volume: 33,398,176
- Market Capital: $203.048B
- Forward Dividend and Yield: 1.52 (4.15%)
The company’s earnings could not match the estimates but it is trading well when its quarterly earnings are compared to what they were a year ago.
Gap Inc. (NYSE: GPS)
- 52 Week Range: $5.26 – $26.99
- Average Volume: 9,889,269
- Market Capital: $8.07B
- Forward Dividend and Yield: N/A (N/A)
Besides these, there were several other companies which performed well in the market namely, Nordstrom (NYSE: JWN), Dell Technologies Inc. (NYSE: DELL), American Eagle Outfitters (NYSE: AEO), HP Inc. (NYSE: HPQ), Autodesk Inc. (NASDAQ: ADSK), etc.