In Trump’s Stock Market BOOMING! It’s FAR Outpacing Previous Presidential Numbers! we reported some of the details concerning the record-breaking pace that we’re seeing posted about the health of the U.S. economy.
Both the job growth and the unemployment numbers continue to maintain their status, and the S&P 500 and the stock market are still going stronger than ever.
From Breitbart News we have this:
Dec. 26 (UPI) — U.S. stocks surged higher Thursday as a year-end rally stoked by bullish economic news pushed the Nasdaq Composite index to 9,000 for the first time in its history.
The S&P 500 also posted a fresh all-time high at 3,235.46 in late morning trading while the Dow Jones Industrial Average rose about 77 points, reaching a peak of 28,596.22 before leveling off.
The rally has been gathering momentum as the year draws to a close and was pushed along Thursday on news that retail sales for the just-concluded holiday season were 3.4 percent higher than 2018, including record online sales, which were up nearly 20 percent.
The late-year bull market has seen the S&P 500 rise by 2.9 percent in December and by 29 percent for the year, putting it on the verge of posting the best annual performance since 1997.
Other numbers posted included reports from Amazon, whose stock price rose about 4.45% percent, according to CNBC, peaking at $1850.18. (I know I helped their numbers a bit with some last-minute holiday shopping!)
Their reports weren’t specific as far as actual totals, but they did announce that it was their best-ever holiday shopping season.
Another factor in the rally included the announcement of “phase one” of a trade agreement between China and the USA in which a Chinese commerce ministry spokesman commented on Thursday that both sides were in “close communication” over the deal’s signing.
It was on December 13th that negotiators came to an agreement on the text of the deal.
All in all, the naysayers are having to eat a lot of crow. In the face of all the opposition to his policies, it certainly looks as if President Trump DID bring a “magic wand” to the party.
Many good things have resulted from his insistence on deregulation, tax cuts, and more.
The market boom is just one of the “thermometers” of the progress the country has made.
