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This Is One Key Reason Why the Dow Jones Industrial Average Crosses 22,000

May 19, 2023
in Trade Tube
Reading Time: 1 min read
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The Dow Jones Industrial Average reached another milestone: 22,000.

The weakening dollar over the past six months contributed to the rally.

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Boeing BA contributed the most of the Dow’s gains from 21,000 to 22,000. That company derives over 50% of its sales from overseas.

A weak dollar makes U.S. exports more attractive.

source

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