Economy

STOCKS SURGE: S&P 500 Smashes Record High, Dow Jones Soars 250 Points

posted by Hannity Staff - 6.20.19

Stocks jumped Thursday morning on news the Federal Reserve was considering lowering interest rates in the coming weeks; with the S&P 500 breaking its record high and the Dow Jones soaring more than 250 points.

“The S&P 500 surged 0.9%, hitting a record high of 2,954.33 as the tech and energy sectors outperformed. The Dow Jones Industrial Average gained 256 points at the open, led by Caterpillar and Exxon Mobil. The Nasdaq Composite was up 1.1%. The Dow was also within 1% of its record high, while the Nasdaq remained 1.3%,” reports CNBC.

“The Fed said Wednesday it stands ready to battle growing global and domestic economic risks as they took stock of intensifying trade tensions and growing concerns about inflation. Most Fed policymakers slashed their rate outlook for the rest of the calendar year by approximately half a percentage point in the previous session, while Chairman Jerome Powell said others agree the case for lower rates is building,” adds the financial website.

The Dow Jones also spiked more than 350 points Tuesday after President Trump confirmed he will be meeting with Chinese leader Xi Jinping at the G-20 summit; sending stocks to a near record high.

“The Dow Jones Industrial Average jumped 353 points as Apple and Boeing outperformed. The S&P 500 climbed 1.1% while the Nasdaq Composite advanced 1.6%. The S&P 500 also traded about 1% from its all-time intraday high of 2,954.13, which was reached May 1,” reports CNBC.

“Had a very good telephone conversation with President Xi of China. We will be having an extended meeting next week at the G-20 in Japan. Our respective teams will begin talks prior to our meeting,” confirmed the President on social media.

“Certainly, there’s ground for optimism,” said one industry insider. “However, we have to remember there have been a lot of negotiations between China and the U.S. where they seem to be close to a deal and then things fell apart.”

A potential trade deal with China fell-apart at the last-minute months ago; sparking a series of tariffs between the two global trading partners.

“Over the course of the past two days, the United States and China have held candid and constructive conversations on the status of the trade relationship between both countries. The relationship between President Xi and myself remains a very strong one, and conversations into the future will continue. In the meantime, the United States has imposed Tariffs on China, which may or may not be removed depending on what happens with respect to future negotiations!” tweeted the President in May.

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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