The Dow Jones Industrial Average topped 24,000 points Thursday for a new midday record high, which analysts credited to increased optimism that Congress will pass tax cuts will.
President Trump heralded the new record on Twitter: “The Dow just broke 24,000 for the first time (another all-time Record). If the Dems had won the Presidential Election, the Market would be down 50% from these levels and Consumer Confidence, which is also at an all-time high, would be ’low and glum!’”
Earlier, he cheered on the market.
“Stock Market hits new Record High. Confidence and enthusiasm abound. More great numbers coming out!” the president wrote on Twitter.
The skyrocketing stock market is one of several signs of a booming economy since Mr. Trump’s election.
The unemployment rate is at a 17-year low, about 2 million jobs have been created, business optimism is running high and the third-quarter gross domestic product hit 3.3 percent.
The Dow Jones hit the 23,000 point milestone Oct. 13. It closed Wednesday just 58.32 points below the 24,000 mark and was the index’s 62nd record close this year.
• S.A. Miller can be reached at smiller@washingtontimes.com.
Please read our comment policy before commenting.