View Full Version : Trump Momentum Powers Wall Street to Fresh Records, Dow Trades Above 19K

11-22-2016, 05:48 PM
Another record week on Wall Street continued as the major averages hit fresh record levels and the Dow Jones Industrial Average traded and closed above 19000 for the first time ever.

By the closing bell, the Dow rose 67 points or 0.35% to 19023, while the S&P 500 ticked up 4 points, or 0.22% to 2202, and the Nasdaq Composite gained 17 points, or 0.33% to 5386. Telecom, real estate, and consumer discretionary sectors led the gains.

Wall Streetís continued momentum came after notching closing highs on the Dow, S&P, Nasdaq, and Russell 2000 indexes during the prior session -- the first time all four averages set new highs simultaneously since December 1999.

Since the surprise outcome of the U.S. election two weeks ago in which Donald Trump secured the White House, the Dow has rallied more than 667 points, or 3.64% as Wall Street has cheered the prospects of a round of infrastructure spending, renegotiated global trade deals, and a drawdown in regulation.


More indication people are tired of the "Democratic way".

11-22-2016, 07:05 PM
With the possibility of the return of manufacturing to U.S. soil is exciting, to say the least. I do hope our illustrious Prime Minister is watching and learning.