True Pundit

Politics

Market Sets Another High In Trump’s Presidency

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The Dow Jones Industrial average topped 22,000 for the first time in its history Wednesday morning, marking the forth 1,000 point increase in the benchmark index since President Donald Trump secured the presidency in November.

The benchmark index ticked above 22,000 one minute after the opening bell at 9:31 a.m. Wednesday.

Trump originally predicted Tuesday the benchmark index would top 22,000 Tuesday afternoon, but the Dow failed to make enough of a push.

The Dow breached 21,000 for the first time in March, coming off the heels of Trump’s first address to Congress.

The index broke 19,000 for the first time Nov. 22, and also marked the beginning of a market rally that continues today. It took just 13 trading days for the Dow to break 19,000. Prior to the November jump, the Dow hadn’t experienced a 1,000-point rally since 1999, when it went from 10,000 to 11,000 in just over 24 trading sessions. The ’99 rally was also the single fastest thousand point jump in the Dow’s history.

The benchmark index surpassed the 20,000 mark for the first time ever in January.

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