The Trump Rally Extends, Stocks Marked Record Highs Each Day This Week
$DIA, $SPY, $QQQ, $VXX
- Stocks extend New Year rally for 4th session running.
Friday, President Donald Trump pointed out that the DJIA has risen to all-time record highs on his “Make America Great Again” agenda.
At the close Friday, the DJIA rose to , while other major US indexes reached new records too.
In less than a year, the DJIA added a 5,000-pt milestone, the fastest since the index was created in May 1896.
President Trump praised the strength of the US economy ahead of meetings at Camp David with congressional Republicans.
He told reporters on the WH South Lawn that the “tax cuts are really kicking in” after Congress passed a package of tax cuts at the end of Y 2017 noting that many companies have provided their employees with end-of-year bonuses.
President Trump said, “We have a lot of things to work on, a lot of things to accomplish” as stocks on continued to drive further into record territory.
Looking ahead, the Q-4 Y 2017 earnings season will kick off next Friday with results from financial heavyweights JPMorgan Chase (NYSE:JPM) and Wells Fargo (NYSE:WFC)
Friday, the major US stock market indexes finished at: DJIA +220.74 at 25295.87, NAS Comp +58.64 at 7136.55, S&P 500 +19.16 at 2743.13
Volume: Trade on the NYSE came in at: 771-M/shares exchanged
- Nasdaq Composite: +3.4% YTD
- S&P 500: +2.6% YTD
- Dow Jones Industrial Average: +2.3% YTD
- Russell 2000: +1.6% YTD
TheHeffX-LTN Overall Analysis for the US Stock market is Very Bullish in here.
Have a terrific weekend.