President Donald Trump’s commitment to make good on his campaign promises has apparently sent the Dow Jones Industrial Average surging to 20,000.
Just 64 days after crossing the 19,000 milestone, the Dow tipped the 20k on Wednesday as stocks are up by more than 2,000 points since the November election, according to Fox News.
President #Trump‘s early policy follow through propels Dow to 20K #Dow20K #WallStreet https://t.co/01SK1K4Wf0 pic.twitter.com/OAu357XIhf
— FOX Business (@FoxBusiness) January 25, 2017
Dow Winners:$BA$CAT$JPM$GE$INTC pic.twitter.com/IUfy1354tS
— FOX Business (@FoxBusiness) January 25, 2017
The Dow officially hits 20,000 for the first time ever #dow20k pic.twitter.com/odkWMqAMiE
— NYSE (@NYSE) January 25, 2017
The president reacted with one word in an official tweet following the news: “Great!”
Great! #Dow20K https://t.co/wXFhXBLgag
— President Trump (@POTUS) January 25, 2017
Trump’s vow to “Make America Great Again” has had an effect on the nation’s wealth which has dramatically increased by at least $2 trillion since the election. Businesses seem to be optimistic again as Trump’s promises of lower taxes, less regulation and the end of many of the ObamaCare costs will mean more savings.
The Dow has jumped a massive 205% from its bear market low in March 2009 in its march to 20,000. https://t.co/mdp4JCrZSe
— carefree retirement (@carefree_retire) January 25, 2017
The Dow Jones index breaks the 20,000 points barrier for the first time ever.
— Jamie McGeever (@ReutersJamie) January 25, 2017
The president’s recent meetings with American business leaders helped push the Dow over the historic mark. Trump pressed the chief executives of the Big Three American automakers on building more cars domestically and signed off on construction of the Keystone XL and Dakota Access Pipelines.
Dow hits 20K for first time ever.
Investors know lower taxes, less regulations, and economic prosperity on the horizon!
— Charlie Kirk (@charliekirk11) January 25, 2017
Trump’s senior adviser Kellyanne Conway tweeted a response to the news as another example of the “Trump effect,” which she dubbed the atmosphere created by the president’s productivity.
The Trump Effect. https://t.co/wexrLY0ulp
— Kellyanne Conway (@KellyannePolls) January 25, 2017
Former head of the UK Independence Party, Nigel Farage, saw the rise a a vote of confidence in Trump.
The Dow Jones trading above 20,000 is a ‘huge’ vote of confidence in @POTUS.
— Nigel Farage (@Nigel_Farage) January 25, 2017
Many economists had painted a bleak picture under a Trump administration, predicting stocks would crash and the economy would be crushed.
So the Dow hit 20K this morning. Where’s the economic meltdown liberals promised would strike as soon as Trump was sworn in? #dow20k
— Hispanics for Trump (@HispanicsTrump) January 25, 2017
Though there will certainly be challenges for the administration that will play out economically, there is no doubt the “Trump bounce” since the inauguration has now made history.
Stocks greet Trump era with a bounce https://t.co/sfJ0ZZZXVd pic.twitter.com/5Ti1CR7kPv
— Politics TOP USA (@Politicsgonzale) January 20, 2017
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Originally from New York, Powers graduated from New York University and eventually made her way to sunny South Florida where she has been writing for the BizPacReview team since 2015.
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