The US stocks enjoy a fast rally. The Dow Jones hits new record highs, skyrocketing to 22,000 points. Experts say that the main reason behind this rally is upbeat earning reports of the US companies. All indices demonstrate great performance without exception: the Dow Jones Industrial Average has already reached the level of 21,956.47 points, the S&P 500 advanced to 2,475.12 points and the Nasdaq Composite rose to 6,365.12.
But not everything in the garden is rosy. Good news always comes along with bad news. The weak consumer spending and sluggish dynamics of the consumer income may dent the rally on the US stock exchange. Thus, the personal income of the US citizens remained unchanged in June from the previous month. However, this data has a minor impact upon the performance of the US stocks. The shares in Sprint Corp. jumped by 7.4 percent as the company increased its profits significantly in the second quarter. Furthermore, the shares in Lumber Liquidators Holdings Inc. surged by 27.1 percent also owing to the strong revenue statistics. Overall, the US business sector is thriving despite political turmoil and the ongoing scandal in the White House.
