Dow Hits New Highs in 2023 Bull Market, Led by American Express and Microsoft
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The Dow Jones Industrial Average has entered a new bull market, meeting the criteria of a 20% rebound from recent lows and setting new all-time highs.
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American Express is one of the Dow's top performers in 2023, with record revenue and earnings growth, making it a top stock pick for 2024.
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Microsoft is well-positioned to benefit from trends like AI and the cloud, and makes up over 6% of the Dow Jones, making it critical for the index's future performance.
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Verizon underperformed in 2023 but recently beat earnings estimates and raised guidance, suggesting a potential comeback in 2024.
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Other top Dow stocks referenced include UnitedHealth Group, Goldman Sachs, and Visa.