The Trump Bull Market Charges Into 2018, DJIA Breaks 25,000
$DIA, $SPY, $QQQ, $VXX
- The macro indicators are telling investors that world economies are doing really well under President Trump’s MAGA policies.
Thursday, the DJIA broke above the 25,000 for the 1st time, and other major US indexes posted new records, driven by strong US private jobs numbers that added to a stream of strong economic data from across the world.
The blue-chip index crossed 5 1,000-pt marks in Y 2017, on President Donald Trump’s pro-growth agenda and solid corporate earnings.
Wall Street participants carried the momentum into the New Year, with the benchmark S&P index closing above 2,700 for the 1st time Wednesday and the NAS Comp finished above 7,000 Tuesday.
Strong manufacturing and services sector data from the world’s largest economies helped global shares climb to new highs Thursday.
The ADP report showed US private employers stepped up hiring in December and planned layoffs by American-based companies fell sharply, pointing to sustained labor market strength.
Focus will shift to the more comprehensive NFPs (non-farm payrolls) report expected Friday.
8 of the 11 S&P sectors were higher, led by 1.4% gainer in the financial index.
Thursday the major US stock market indexes finished at: DJIA +152.45 at 25075.13, NAS Comp +12.38 at 7077.91, S&P 500 +10.93 at 2723.97
Volume: Trade on the NYSE came in at: 895.4-M/shares exchanged
- NAS Comp: +2.5% YTD
- S&P 500: +1.9% YTD
- Russell 2000: +1.4% YTD
- DJIA: +1.3% YTD
All indicators for the indexes are Very Bullish across the board.