Analysts say Trump stocks rally could persist
New York (AFP) – Donald Trump’s shock win of the US presidency sparked a surprising rally on Wall Street this week that some believe could be a prelude to further gains.
The response, which sent the Dow Jones Industrial record to all time highs on Thursday and Friday, reflected expectations that pro-business policies and ramped-up public works spending would spur greater economic growth.
Traders also shrugged off the worries many talked about prior to the election, including questions about the Republican mogul’s temperament and his protectionist trade policies.
Analysts said the market’s optimistic response was reasonable, but that there are also risks ahead. – READ MORE