Economy

STOCKS SOAR: S&P 500 Hits ‘All Time High’ on Strong Earnings Report

posted by Hannity Staff - 10.28.19

The US economy continued to roar to life under President Trump heading into the 4th quarter of 2019 Monday; with the S&P 500 index hitting “record highs” on strong earning reports.

“The S&P 500 hit a record high on Monday, breaking above an all-time high set over the summer as investors cheered strong earnings and progress on U.S.-China trade,” reports CNBC. “The S&P 500 rose 0.6% to trade above 3,027.98, the record set on July 26. The Dow Jones Industrial Average gained 0.7%, or 186 points. The Nasdaq Composite climbed 0.7%.”

“The S&P just hit an ALL TIME HIGH. This is a big win for jobs, 401-K’s, and, frankly, EVERYONE! Our Country is doing great. Even killed long sought ISIS murderer, Al-Baghdadi. We are stronger than ever before, with GREAT upward potential. Enjoy!” posted President Trump on social media.

“The US equity markets have been surprised by the strength of the 3Q results,” said Sean Darby, global equity strategist at Jefferies, in a note. “With the US earnings season producing a positive string of results and investors positioning extremely risk averse alongside negative US real interest rates, we believe there is further upside for global equities.”

Read the full report at CNBC.