DOW Hits 20,000 for First Time In History
Propelled mainly by the banking, investing, and construction sectors, the Dow’s recent rally mostly reflects investor enthusiasm that Trump will be good for business.
Trump met with union heads and automakers this week to push for more jobs and manufacturing in the U.S., approved the construction of two massive pipelines, and is expected to sign an executive order later on Wednesday to confirm his intent to build a wall along the nation’s border with Mexico.
“We are clearly seeing a pro-business administration that is minded to action,” ETX Capital’s Wilson told Reuters.
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