Trump Rally Extends, Driving S&P 500 Market Value to $20-T +
$DIA, $SPY, $QQQ, $VXX
America First taking a firm hold on the business and consumer sentiment nation wide.
Monday, the major US stock indexes hit record highs, with the benchmark S&P 500’s market value topping $20-T as investors see tax cuts promised by President Donald Trump coming to the economy.
Last Thursday, President Trump vowed to make a major tax announcement very soon, adding fuel to the Trump Rally.
The S&P 500 has rise about 9% since Donald Trump’s November 8 election, boosted by expectations he would lower corporate taxes, ease regulations governing banks and increase infrastructure spending.
The S&P 500 posted 73 new 52-wk highs and No new lows, the NAS Comp recorded 194 new highs and 19 new lows.
The S&P 500 financials index jumped 1.1%t, with Citigroup (NYSE:C) up 2.3%.
The industrial sector gained 1%.
The 2 Key sectors are seen benefiting heavily from the Trump Administration policies.
Strong economic data in recent weeks has been supported by upbeat corporate results.
S&P 500 companies are on track for their strongest profit growth in 9 Quarters, according to Thomson Reuters I/B/E/S.
Monday, the major US stock market indexes finished at: DJIA +142.79 at 20412.16, NAS Comp +29.83 at 5763.97, S&P 500+12.15 at 2328.25
Volume: Trade on the NYSE came in at 947.4-M/shares exchanged.
- NAS Comp+7.1% YTD
- S&P 500 +4.0% YTD
- DJIA +3.3% YTD
- Russell 2000 +2.6% YTD
All 3 indexes are Bullish to Very Bullish across the board.
Latest posts by Paul Ebeling (see all)
- LA: Legal Recreational Marijuana Sales Top Estimates - February 22, 2018
- Morning Briefing Global Stocks - February 22, 2018
- Gold, Silver, Copper and Crude Oil Briefing - February 22, 2018