Trump’s America: Stock market reaches 20th-record breaking high this year

By Bethany Blankley | The Center Square

The stock market hit a new record Wednesday, the 20th time in 2019, President Donald Trump tweeted Thursday.

“Hit New Stock Market record again yesterday, the 20th time this year, with GREAT potential for the future,” he tweeted. “USA is where the action is. Companies and jobs are coming back like never before!”

Wikimedia Commons/Dave Herholz

In October 2016, CNN reported that “If Donald Trump wins the election, U.S. stocks (and likely many other markets overseas) will almost certainly tank.”

Both the Dow Jones Industrial and the S&P 500 posted new all-time highs, with the Nasdaq Composite posting a slight drop.

The Dow gained 0.3 percent to close at 27,783.59; the S&P 500 increased 0.1 percent, closing at 3,094.04. The Nasdaq Composite Index closed at 8,482.10, dropping 0.1 percent.

The new mark came two days after Trump delivered a speech to the Economic Club of New York. Trump told Wall St. executives and economists that a Democratic victory in 2020 would endanger the stock market gains made under his presidency.

“I am proud to stand before you as president of the United States to report that we have delivered on our promises and exceeded our expectations by a very wide margin,” the president said. “We have ended the war on American workers, we have stopped the assault on American industry, and we have launched an economic boom the likes of which we have never seen before.”

The Federal Reserve also announced it would keep interest rates steady, which analysts have said “boosted investors’ confidence.”

The Dow’s previous highest closing record was 27,292.63, on Nov. 5, following the record set the day before.

Another record was set on July 15 when the Dow reached 27,359.16.

In October 2016, CNN reported that “If Donald Trump wins the election, U.S. stocks (and likely many other markets overseas) will almost certainly tank.”

“Macroeconomic Advisors predicts an 8% fall in the U.S.,” CNN added. “A new paper out Friday from the Brookings Institute projects a 10% to 15% nosedive.”

As of November 2019, the S&P 500 is up by roughly 36 percent and the Dow Jones Industrial Average has gained approximately 40 percent, analysts point out.

Image courtesy of Wikimedia Commons/Dave Herholz
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3 thoughts on “Trump’s America: Stock market reaches 20th-record breaking high this year

  1. The fake news crowd along with some other phony’s (The same ones at work now) were at work back in the 70’s when they said we would run out of oil in the next 30 years.
    Saying anything to get peoples’ attention is their stock in trade.

  2. Last time I looked, yesterday’s close, the Dow topped 28,000 for the first time. Wonder where it would be if, heaven forbid, Obama were still president.

  3. “In October 2016, CNN reported that “If Donald Trump wins the election, U.S. stocks (and likely many other markets overseas) will almost certainly tank.””

    Proving yet again the FAKE NEWs leftist propagandist only work for the leftist fascist and the
    the democRAT swamp. It’s all doom and gloom reporting with a conservative President in the white house
    all BS lies when the democRats rule…Pres Trump has set the Bull *market* free to run up your IRA’s and put money in the gov coffers.. Too bad the gov money just gets pizzed away instead of paying down the
    debt..

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