Boom! Trump rally carries stocks to new records
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Boom! Trump rally carries stocks to new records The post-election euphoria on Wall Street continues to grow.
The S&P 500 climbed to all-time highs on Monday, notching its first record close since August. The index is now up nearly 3% since Donald Trump's election. The Dow also hit a new high, taking it closer to the 19,000 level. The Nasdaq, which struggled initially after the election, also rose to a record high on Monday, its first since September. Many predicted stocks would plunge, or even crash, should Trump upset Hillary Clinton. Initially that did happen, with overnight markets plummeting the night of the election.
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Top of Page Bottom of Page PermalinkFull Name: Dead Dead
"The basis for the rally is
"The basis for the rally is optimism about reversing Obama-nomics -- raising taxes and increasing regulation,"
Top of Page Bottom of Page PermalinkFull Name: candyfrog
the lord giveth and the lord
the lord giveth and the lord taketh away. don't get too comfortable
Top of Page Bottom of Page PermalinkFull Name: good at drinking water
Up 2.45% since Nov 8:
Up 2.45% since Nov 8.
Of course, since the election we also found out that:
3rd Q GDP was revised up above 3%: https://www.bloomberg.com/news/articles/2016-11-29/u-s-third-quarter-growth-revised-upward-on-consumer-spending
Unemployment dropped to 4.6%, wages are rising, inflation is low: http://www.nytimes.com/2016/12/02/business/economy/jobs-report.html?_r=0