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Dow Hits New Record as Wall Street Waits for President Trump’s Tax Cuts

Tuesday, February 14, 2017 12:48
% of readers think this story is Fact. Add your two cents. / by Garrett Baldwin via Money Morning / February 13, 2017

The Dow hit another record high Monday as investors still expect President Donald Trump will provide businesses with tax cuts.

Investors continue to pile into equities and new records continue to be set each day in the wake of President Trump’s election.

Despite the big gains today – ones that saw the S&P 500, Nasdaq, and Dow Jones all hit new all-time records – we did see a small uptick in volatility.

The CBOE Volatility Index – largely considered the market’s fear gauge – climbed over 2% today.

Let’s look at the numbers from Monday for the Dow, S&P 500, and Nasdaq:

Dow Jones: 20,412.16; +142.79; +0.70%

S&P 500: 2,328.25; +12.15; +0.52%

Nasdaq: 5,763.96; +29.83; +0.52%

Now, here’s a look at today’s most important market events and stocks, plus a preview of Tuesday’s economic calendar.

Dow Jones New Today: Trump Tax Statement Pushes Dow to New Record

The Dow Jones added another 142 points and the S&P 500 reached a total market capitalization of $20 trillion as the post-Trump election pushed markets into record territories.


The post Dow Hits New Record as Wall Street Waits for President Trump’s Tax Cuts appeared first on Silver For The People.


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