Dow closes above 26000: Aus shares to open higher

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Dow Jones industrial average futures traded 13 points higher, while S&P 500 futures gained 0.5 points. The Dow surged 1.3 percent to 26,115.65. That's faster than the 23 days it took the Dow to go from 24,000 to 25,000 points.

"Given the speed with which the Dow broke through 26,000 you have to question what stops it breaching 27,000, 28,000 or even 30,000", says Jacob Deppe, head of trading at online trading platform Infinox.

JD Sports saw its shares jump more than 6 per cent after it raised its guidance following a strong Christmas trading performance.

More than three-quarters of the 36 S&P 500 companies that have reported so far have topped earnings estimates, according to Thomson Reuters I/B/E/S.

Many firms have reported similar fourth quarter hits to earnings due to the tax reform, but expect to benefit from the changes in the months ahead.


Elsewhere, equity indices in the Asia-Pacific region finished Tuesday mostly higher.

In Europe, the Stoxx 600 Index ended the day with a 0.1 percent advance from the previous close.

Meanwhile, the dollar tried to break a four-session losing run on Tuesday, edging up as U. While the U.K.'s FTSE 100 Index is down by 0.1 percent, the French CAC 40 Index is up by 0.2 percent and the German DAX Index is up by 0.9 percent.

"Around him, the people in charge of the American economy come directly from Wall Street and Goldman Sachs", said Gregori Volokhine, president of Meeschaert Financial Services. Bitcoin futures on the Cboe Futures Exchange were down 2.3 percent at $10.800. Cadinha & Co. LLC lifted its stake in shares of SPDR Dow Jones Industrial Average ETF by 4,964.0% in the 3rd quarter. The stock's price to sales ratio for trailing twelve months is 5.39 and price to book ratio for the most recent quarter is 12.33, whereas price to cash per share for the most recent quarter are 16.43. It fell 57 cents to $63.73 per barrel on Tuesday. When we compare its current volume with average for the same time of day, a Relative Volume (usually displayed as ratio) of 1.10 is obtained. Hong Kong's Hang Seng rebounded from earlier losses to gain 0.3 percent.

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