The stock market is riding a wave of success during the President Donald Trump’s first year in office.
All three major equity indexes closed Wednesday at records simultaneously for the 23rd time this year, while the Dow Jones Industrial Average eclipsed the 23,000 mark for the first time ever. The indexes closed after reports surfaced showing Republican senators have enough votes to pass a budget measure that could pave the way for Trump’s tax reform.
The Dow Jones Industrial Average climbed 160.16 points to 23,157.60, as the S&P 500 index jumped nearly two points at 2,561.26 and the Nasdaq Composite ticked up to 6,624.22 — analysts argue the reason for the jump is two-fold: Earnings are up and the European economies are climbing out of their doldrums. – READ MORE
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