07-13-2019, 06:42 AM
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So Fucking Banned
Industry Role:
Join Date: May 2001
Location: Your mom's front hole
Posts: 40,906
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Dow notches record high, closing above 27,000 for first time!
DOW 6M GAIN: 14%
DOW 1YR GAIN:10%
DOW 2YR GAIN: 26%
DOW Since Trump's Election GAIN: 50%!
All while we're in a HISTORIC ECONOMIC trade war.
Under President Trump the DOW has increased by nearly 9,000 points since the 2016 Presidential election! This is more than any other President in history!
Quote:
The stock market hit fresh records Thursday, with the Dow Jones Industrial Average notching a historic first close above 27,000 amid reinforced expectations of a rate cut and strong performance by health insurance stocks.
The Dow breached the 27,000 mark in early morning trading, maintaining a strong performance throughout the day to close at 27,088, up by 227 points. The S&P 500, which hit a record intraday high of 3,000 Wednesday, closed at a fresh high of 2999.89 Thursday, up 0.23 percent.
Shares in Cigna, United Health, and CVS all soared Thursday after President Donald Trump decided not to move forward with a plan to ban "backdoor rebates" for pharmacy benefit managers, which could have impacted the way insurers negotiate discounts on pharmaceuticals from manufacturers.
Investors also cheered the increasing certainty of the first rate cut in a decade, after Federal Reserve Chairman Jerome Powell spoke for a second day on Capitol Hill as part of his twice-yearly testimony on monetary policy.
“We’re learning that interest rates — that the neutral interest rate — is lower than we had thought," Powell said. "I think we’re learning that the natural rate of unemployment is lower than we thought. So monetary policy hasn’t been as accommodative as we had thought.”
His comments further cemented expectations for a cut in the central bank's benchmark interest rate, for which markets — and Trump — have been clamoring in recent weeks, noting economic headwinds and ongoing trade tensions.
https://www.nbcnews.com/business/mar...7-000-n1028726
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INB4 crucifissio's but but but 14 month 21 day 3hr benchmark
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