The Dow Jones Industrial Average crossed the threshold of 29,000 for the first time ever.
The message from financial markets matches that of President Trump: “All is well.”
The U.S. stock market shrugged off the impending impeachment vote Wednesday morning, pushing major U.S. stock indexes to record highs. The S&P 500 moved up to 3198 to set a new high in the first hour of trading Wednesday morning.
The Dow Jones Industrial Average achieved another milestone on Monday when it crossed 28,332.74, gaining 10,000 points since President Donald Trump’s election win on November 8, 2016.
Stocks moved higher despite impeachment inquiry, China trade deal worries, and Fed chair Powell standing pat.
Stocks opened lower to start the day and the sell-off accelerated in the final hours of trading.
Stocks suffered their biggest sell-off of the year Monday Chinese retaliation against new U.S. tariffs escalated.
Fed chair Jerome Powell’s Capitol Hill testimony sent stocks climbing once again on Thursday, pushing the Dow to a record high close.