The Dow Jones Industrial Average on Wednesday opened above 20,000 for the FIRST TIME EVER!
The Dow Jones Industrial Average just set an all-time intraday high just three trading days after the inauguration of Donald Trump. Moments after the open, the Dow shot up to 20033.77.
The Trump policy reversing overregulation and high corporate taxes only made the Market go higher today. Aggressive deregulation was long overdue!
Get ready to work and build! Caterpillar stock is at a two year high!
Thank you President Trump!
Futures for the blue-chip benchmark YMH7, +0.52% rose 101 points, or 0.5%, to 19,945, setting it on track for a second straight day of gains. The index on Tuesday jumped 113 points and closed less than 90 points shy off the elusive milestone after a solid round of corporate earnings boosted investor confidence.
“Stock markets continue to turn back upward as capital returns to risk markets and traders respond favorably to earnings reports,” said Colin Cieszynski, senior market analyst at CMC Markets, in emailed notes.
Futures for the S&P 500 index ESH7, +0.47% added 10 points, or 0.5%, to 2,285, while those for the Nasdaq-100 index NQH7, +0.56% gained 27 points, or 0.5%, to 5,123. Both indexes closed at all-time highs on Tuesday, with the S&P 500 index SPX, +0.47% helped by a sharp move higher in the basic-resource sector after President Donald Trump signed an executive order to revive the construction of the Keystone XL and Dakota pipelines.
Read more: Market Watch