Dow Jones hit 22,000 average with Apple's help
  • 7 years ago
Dow Jones is winning big time. In just five months, the company went from 21,000 to 22,000 with the help of a six percent surge in Apple's stock. Dow Jones reported earning $1.67 for every share on a revenue of $45.4 billion, exceeding analysts expectations. Drexel Hamilton analyst Brian White sees a bright future for the stock: "[W]e believe investors will now feel more confident in owning the stock for the upcoming iPhone 8 cycle that is expected to begin this fall, while also benefitting from the company's capital distribution initiative, attractive valuation and potential new innovations."
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