AMERICA CELEBRATES: Stock Market Average Sets New Record For Businessman President Trump

“It’s a relief rally over the certainty of the outcome of the election and after the conciliatory tone that Trump took,” said Nick Skiming, a fund manager at Jersey, Channel Islands-based Ashburton Ltd. His firm oversees $10 billion. “There’s hope that a new president can introduce reforms that will enable corporate America to move forward.”
donald-trump-45-president-united-states-america

The Dow Jones Industrial Average rose to an all-time high as U.S. stocks added to a rally sparked by speculation Donald Trump’s policies will benefit businesses, with banks surging to the highest level since May 2008.

The Dow rose 163.30 points, or 0.9 percent, to 18,752.99 at 9:45 a.m. in New York, taking it above its Aug. 15 record. The S&P 500 Index advanced 0.9 percent to 2,181.50, within 0.4 percent of a record.

Banks surged 3.7 percent pushing the two-day advance to 8 percent. JPMorgan Chase & Co. jumped 4.9 percent, while Goldman Sachs Group Inc. climbed 2.9 percent. Drugmakers advanced, led by Pfizer Inc.’s 3.1 percent rally. Industrial shares rose 1.6 percent, with Boeing Co. adding 2.7 percent.

The three industries have paced the rally since Trump’s surprise win on Tuesday, surging on expectations that the president-elect and Republican-controlled Congress will roll back regulations and boost infrastructure spending. Trump’s promise to revive American infrastructure means commodities used to build everything from airports to bridges will benefit under his presidency, according to Goldman Sachs Group Inc.

“It’s a relief rally over the certainty of the outcome of the election and after the conciliatory tone that Trump took,” said Nick Skiming, a fund manager at Jersey, Channel Islands-based Ashburton Ltd. His firm oversees $10 billion. “There’s hope that a new president can introduce reforms that will enable corporate America to move forward.”

NTEB is run by end times author and editor-in-chief Geoffrey Grider. Geoffrey runs a successful web design company, and is a full-time minister of the gospel of the Lord Jesus Christ. In addition to running NOW THE END BEGINS, he has a dynamic street preaching outreach and tract ministry team in Saint Augustine, FL.

SUBSCRIBE NOW

Join Our FREE Subscription Service!

End times Bible prophecy news happens fast, add your email now to get our latest articles sent to your inbox in real-time.

Join 12,402 other subscribers

SUPPORT NTEB

24 hours a day, seven days per week, Now The End Begins keeps you informed of what's happening around the world as it relates to the end times and Bible prophecy. Your generous non-tax deductible contribution helps us to do that. Thank you in advance for your much-needed support.

CATEGORY SEARCH
FOLLOW NTEB