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The Dow Hits Record High

The Dow Hits Record High The ongoing trade war between the U.S. and China seems to have had little impact on Wall Street so far. The Dow has risen about 3,300 points since a low on April 2. Since the implementation of corporate tax cuts, the Dow had a major rally late last year and into January, reaching 26,000. Shortly after, Wall Street was hit with two single-day 1,000-point plunges, which panicked investors. Paul Hickey, co-founder of Bespoke Investment Group, via CNN Today, however, the fundamentals look good. Dan Suzuki, portfolio strategist at Richard Bernstein Advisors, via CNN If the Dow closes above 26,616.71, it will mark its 100th record close since President Donald Trump took office, according to S&P Dow Jones Indices.

Source: Inform News

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