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Dow eclipses 23,000, marks fresh history for blue chips

By MrMagic following x   2017 Oct 17, 9:40am 912 views   3 comments   watch   sfw   quote     share    

Dow has logged its fourth 1,000-point climb over the past 12 months—the most in a calendar year .

The Dow Jones Industrial Average on Tuesday touched 23,000 in intraday trade for the first time, marking a fresh milestone for the blue-chip average.

The Dow, if it closes above 23,000, would notch its third fastest climb to 1,000-point milestone since mid July. It would also be its fourth straight 1,000-point climb over the past 12 months. That would represent the largest number of such 1,000 point moves within a calendar year in the benchmark’s 120+-year history, according to WSJ Market Data Group.

Recent gains have been attributed to optimism around President Donald Trump’s tax plan. That enthusiasm centers on the belief that he will implement Wall Street-boosting measures, like deregulation and tax cuts, that will pave the way for a further gains.

Corporate earnings also have supported a run-up in stocks, along with a broad-market rally, buttressed by an improving economic outlook, roughly 10 years after the global financial crisis.

Since the 2016 election, won in shocking fashion by Trump over Democratic rival Hillary Clinton, the Dow has climbed 25.4%, the S&P 500 index has advanced almost 20%, the Nasdaq Composite Index has returned about 28%,


This is horrible, Can we Impeach Trump yet??
1   zzyzzx   ignore (1)   2017 Oct 17, 10:02am   ↑ like (4)   ↓ dislike (0)   quote   flag        

It's all Trumps fault!!!
2   Goran_K   ignore (1)   2017 Oct 17, 11:57am   ↑ like (3)   ↓ dislike (0)   quote   flag        

Paul Krugman and Mark Cuban are looking more stupid by the day.
3   HEY YOU   ignore (7)   2017 Oct 17, 12:48pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

Those that don't make 6 figure profits each quarter over & above profits from their own business,are just losers.
I'm not talking about $9999.99 six figures.

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