President Donald Trump on Thursday suggested that the next milestone for the closely watched Dow Jones Industrial Average after it broke above 25,000 is about 20% higher. Offering comments to media, the Republican president said breaking through the milestone was a “big barrier” because critics didn’t think that it could be achieved soon. On Thursday, the Dow broke through 25,000, and if it ends at that level, it would represent the fastest 1,000-point climb to the round number, 23 days, in the benchmark’s history. Trump, however, intimated that further moves ahead may be his administration’s goal, by way of promoting a raft of fiscal stimulus measures that include corporate tax cuts and increases to spending. “I guess our new number is 30,000,” he told reporters. Trump has more directly, than other presidents, gauged his overall performance in terms of the Dow and jobs. Most recently, the Dow was up 140 points, or 0.6%, at 25,060, the S&P 500 index was up 0.4% at 2,724, while the Nasdaq Composite Index was climbing by 0.2% at 7,076. All three benchmarks, and the Russell 2000 and Dow Jones Transportation Average are trading at or near all-time highs, extending a recent run of repeated records for equity benchmarks that took hold in 2017.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News