(Aug 7): The Dow Jones Industrial Average rose for the seventh straight session to pass the 22,000-point mark for the first time, buoyed by key component stock Apple’s strong gains following better-thanexpected 2Q earnings. At 4.89%, Apple carries the fifth-heaviest weighting in the 30-component index. The DJIA closed on Aug 2 at 22,016.24 points, up 52.32 points or 0.24%. During the day, the index rose as high as 22,036.1 points. “The equity momentum has been very strong, with investors willing to overlook a myriad of concerns, ranging from a tapering [US Federal Reserve] to high valuations,” states OCBC Bank in an Aug 2 note.

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