Market Report / TASE jumps as Dow Jones surges
The benchmark Tel Aviv-25 index closed the day 1.5% higher Sunday at 1,195.19 points. The broader Tel Aviv-100 rose by 1.6% to 1,063.09, while the Banks-5 climbed by nearly 1.5%.
Trading on the Tel Aviv Stock Exchange on Sunday was boosted by Friday’s trading on Wall Street, which brought the Dow Jones Industrial Average over 14,000 points for the first time since 2007. Increased investor appetite for risk, which has also depressed the value of the U.S. dollar, also helped push up stock prices in Tel Aviv.