Economy

HAPPY 4TH OF JULY! Dow Jones, Nasdaq Close at RECORD HIGHS Before Independence Day

posted by Hannity Staff - 7.03.19

The US Stock Market closed at record highs Wednesday, with the Dow Jones Industrial Average and Nasdaq breaking previous records as the country prepares to celebrate its Independence Day Holiday.

“The Dow Jones Industrial Average gained 179.32 points to end the day at 26,966, notching intraday and closing all-time highs. The Nasdaq Compositeadvanced 0.7% to 8,170.23,” reports CNBC. “The S&P 500 also rose 0.7% to 2,995.82 as the real estate and consumer sectors powered the broad index to record levels. Tech also boosted the index, rising 0.7% to a record high. The S&P 500 closed just 0.1% below 3,000.”

“Shares of Facebook, Amazon, Netflix and Google-parent Alphabet all rose on Wednesday. The session ended at 1 p.m. ET due to the Fourth of July holiday,” adds the website. “Private payrolls in the U.S. increased by 102,000 in June, ADP and Moody’s Analytics said. Economists polled by Dow Jones expected growth of 135,000.”

The US Stock Market posted major gains earlier this week; with the S&P 500 setting a new record in the first hours of July trading.

“U.S. stocks jumped on Monday after the U.S. and China agreed to hold off on slapping additional tariffs on their products in an effort to resume trade talks,” reports CNBC. “The S&P 500 rose 0.8% and reach an all-time high of 2,977.86, breaking above its previous record of 2,964. The Dow Jones Industrial Average gained 152 points, or 0.6% as Nike and Apple outperformed. The Nasdaq Composite jumped 1.1%.”

“The markets appear to be content with the cooperative tone coming out of the meetings. To me, it felt like the contrarian play was to the upside post meetings,” said Dan Deming, managing director at KKM Financial. “There was a great deal of bearishness in sentiment headed into the meeting. Many market observers were discounting any change in the narrative, which made many believe the risk was to the downside.”

The Dow Jones Industrial Average and S&P 500 inched higher last week; posting the biggest June returns since 1938.

“Recent gains have put the Dow Jones Industrial Average DJIA, +0.14% in position to ring up its best June gain of 7% since 1938 when the blue-chip benchmark surged an eye-popping 24.3% on the month,” reports Market Watch.

“The S&P 500 index SPX, +0.23% is on track for its best June return, with a gain of about 6.5%, since 1955 when the broad-market benchmark rose 8.2%, while the Nasdaq Composite Index COMP, +0.17% was on track for a 6.9% return in June, which would represent its best June since a 16.6% gain back in 2000. The S&P 500 last week notched its first record close since April 30, while the Dow is off less than 1% short of its Oct. 3 all-time closing peak,” adds the website.

“The Stock Market went up massively from the day after I won the Election, all the way up to the day that I took office, because of the enthusiasm for the fact that I was going to be President. That big Stock Market increase must be credited to me. If Hillary won – a Big Crash!” posted President Trump on Twitter.

Read the full report at CNBC.

AMERICA UNLEASHED: Stock Market HITS ALL TIME HIGH, Unemployment at 49 YEAR LOW

posted by Hannity Staff - 9.20.18

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!”

“The Dow Jones Industrial Average hit its first record high since January on Thursday as gains in Apple and a decrease in trade fears lifted the 30-stock index… The Nasdaq Composite also rose 0.5 percent,” writes CNBC.

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 NOW: Stock Market APPROACHING ALL TIME HIGH, Could Break Record Any Moment

posted by Hannity Staff - 6.11.19

The United States stock market approached its al-time high Tuesday; with investors and industry insiders saying it could smash previous records at any moment.

“The next big test for the stock market will be whether the major indexes can break through all-time highs, just a short distance away,” reports CNBC. “Stocks have rallied on expectations that the Fed should be cutting interest rates in the near future, and that President Donald Trump would stand down from his threat to put tariffs on Mexico, as he did on Friday. The Dow Jones Industrial Average and S&P 500 are both up more about 5% in June. The Dow is up for six-straight days and futures pointed to another big gain Tuesday.”

“Good day in the Stock Market. People have no idea the tremendous potential our Country has for GROWTH – and many other things!” posted the President earlier Tuesday.

The stock market surge comes just days after President Trump announced a last-minute deal with Mexico on immigration; suspending a potential 5% tariff on all Mexican-produced goods.

“I am pleased to inform you that The United States of America has reached a signed agreement with Mexico. The Tariffs scheduled to be implemented by the U.S. on Monday, against Mexico, are hereby indefinitely suspended,” said Trump last Friday. “Mexico, in turn, has agreed to take strong measures to….stem the tide of Migration through Mexico, and to our Southern Border. This is being done to greatly reduce, or eliminate, Illegal Immigration coming from Mexico and into the United States. Details of the agreement will be released shortly by the State Department. Thank you!”

This is a developing story. Check back for updates.

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