The US stock market soared Friday afternoon; rising nearly 450 points and posting its “eighth straight weekly gain.”
“The Dow Jones Industrial Average jumped 443.86 points to 25,883.25 as J.P. Morgan Chase and Goldman Sachs outperformed. The S&P 500 gained 1.1 percent to close at 2,775.60, led by the energy and industrials sectors. The Nasdaq Composite advanced 0.6 percent to end the day at 7,472.41,” writes CNBC.
“Energy shares were boosted by higher oil prices. West Texas Intermediate futures rose 2.2 percent to $55.59 per barrel,” adds the economic website.
The strong stock numbers come just hours after President Trump declared a “national emergency” along the southern border; effectively bypassing Congress on his proposed border wall funding.
Read the full report at CNBC.
AMERICA UNLEASHED: Stock Market HITS ALL TIME HIGH, Unemployment at 49 YEAR LOW
The US economy continued to smash records and surpass expectations in September, with new data showing the American unemployment rate at a half-century low and the Dow Jones Industrial Average reaching an all-time high.
According to CNBC, the Dow rose 219 points Thursday with the S&P 500 also breaking its previous record. The President hailed the news on social media, saying “S&P 500 HITS ALL-TIME HIGH Congratulations USA!”
S&P 500 HITS ALL-TIME HIGH Congratulations USA!
— Donald J. Trump (@realDonaldTrump) September 20, 2018
The stunning economic data may spell disaster for Democrats hoping to retake Congress this fall, with House Minority Leader Nancy Pelosi vowing to repeal the ‘GOP Tax Scam’ should her party win big during the midterm elections.
Read the full report at CNBC.
'TRUMP’S ECONOMY': US Chamber of Commerce Thanks the ‘WHITE HOUSE’ for Stunning Growth
The United States Chamber of Commerce officially thanked President Trump and his policies for igniting a stunning recovery; praising the administration for slashing regulations and passing tax cuts that are helping millions of Americans.
Chamber President Thomas Donohue was speaking at a Christian Science Monitor media event in recent days when he weighed-in on the booming stock market, low unemployment, and rising wages across the country.
“I really appreciate the major effort by government, and when I say government it was the White House, but yes the Congress and the Senate, doing some regulatory fixing,” said Donohue.
“Everytime we had a new regulation we never took away the old one and that put lots of conflict in what people were facing,” he said. “There is no big mystery to progress, the results of the federal government getting off the backs business in a way that everybody understood was going to have to happen.”
“There are a lot of positive stories to tell in our current economic environment. Ten years after the worst financial crisis since the Great Depression, our economy is finally firing on most of its cylinders,” said Donohue.
Read the full story at the Washington Examiner.