The Dow Jones Industrial Average (DOW) hit another record new high on Thursday! It was the 10th straight daily market close where the DOW set a new stock market high.
Since the Inauguration on January 20th the DOW has risen 5%. According to Fox Insider, Trump’s first month in office is the DOW’s biggest gain for any President in his first 30 Days since way back in 1909 when Taft was President.
Trump’s comments about a “phenomenal” tax reform plan have helped to ensure investors that tax reform is on the horizon. This has led to an increase in the markets. Currently the Dow Jones Industrial Average sits at 20,229.69 as of 10:31 a.m. EST Friday morning. The benchmark index set a record in late January, ticking above 20,000 for the first time Jan. 24, 2017. The S&P 500 and the NADAQ indexes are both up substantially Friday morning.
The Dow broke 19,000 for the first time Nov. 22, stemming from a market rally after President Donald Trump won the White House. It took just 13 trading days for the benchmark index to make those gains.
Following Election Day, the S&P 500 had the biggest one-month rally in the its 93 years of existence. The index rose nearly 5 percent from Nov. 9 to Friday, Dec. 9. It broke the previous 30-day record set after former President Richard Nixon’s election.
The Dow Jones Industrial Average group of companies has risen by 4.02 percent since inauguration day. That’s the best 30-day, post-inauguration performance in 108 years, or since the DJIA rose 5.07 percent in the 30 days after President William Taft put his hand on the Bible in March 1909, says Fox.
H/T – www.telegraph.co.uk