The S&P 500 and Nasdaq stock market composites smashed record highs Tuesday afternoon after strong earnings reports from a wide range of American companies propelled Wall Street to new heights.
“The S&P 500 and Nasdaq Composite rallied on Tuesday to notch record closing highs as Wall Street cheered stronger-than-expected quarterly profits from some of the largest publicly traded U.S. companies,” reports CNBC.
“The broad index closed 0.9% higher at 2,933.68, topping its previous record close of 2,930.75. The S&P 500 also ended the day just below its intraday record of 2,940.91. The Nasdaq closed up 1.3% at 8,120.82. The Dow Jones Industrial Average, meanwhile, gained 145.34 points to close at 26,656.39 and was 1.1% from an all-time high,” adds the report.
The strong economic data comes as countless Democrats compete to take on President Trump in the months ahead; vowing to raise taxes, reduce America’s energy industry, and increase burdensome regulations.
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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.
BREAKING: Stock Market SOARS 450 Points, Posts ‘EIGHTH STRAIGHT’ Weekly Gain
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.
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