Stock indexes reach record highs as markets await tax cuts, new spending

[easyt65]

BAD NEWS FOR TRUMP HATERS...

Trump Momentum Powers Wall Street to Fresh Records, Dow Trades Above 19K

"A record week on Wall Street continued as the major averages hit fresh record levels and the Dow Jones Industrial Average traded above 19000 for the first time ever.

After touching its all-time high, the Dow trimmed gains, rising 21 points or 0.12 % to 18978, while the S&P 500 traded along the unchanged line at 2197, and the Nasdaq Composite ticked up 9 points, or 0.17% to 5378.

Wall Street’s 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."

Trump Momentum Powers Wall Street to Fresh Records, Dow Trades Above 19K

 

[Snouter]

It is crazy. I actually sold an S&P ETF a week before the election mistakenly assuming that Wall Street Clinton supporters and hedge funds would intentionally cause some mini crashes. But the fact that The Donald is going to get rid of ridiculous Obama era regulations and the Frank/Dodd idiocy. But still one must expect the unexpected!

 

[Fenton Lum]

Yeah, that silly Dodd/Frank thing needs to go, what were they thinking.

 

[BluesLegend]

Wait, the left told us the stock market would crash and it would be a economic catastrophe if Trump won, now the market is skyrocketing and he's not even been sworn in yet. Is there even one thing the left and MSM did not get wrong?

 

[Soggy in NOLA]

Yeah, that silly Dodd/Frank thing needs to go, what were they thinking.

They weren't, therein lies the problem. Dodd-Frank is a disaster.