Good News for Trump: Nasdaq Hits 9,000 for First Time Ever

On Thursday, U.S. stocks shot up higher than at any time in history as positive economic news pushed the Nasdaq Composite index to 9,000.

All Time High

The S&P 500 also posted a new high at 3,235.46 in late morning trading. On top of that, the Dow Jones Industrial Average went up around 77 points, reaching a peak of 28,596.22 before returning to a more average ranking.

As the year ends, news that retail sales for the holiday season were 3.4 percent higher than 2018, including record online sales which were up almost 20 percent, have had a positive affect on the market.

RELATED: Chris Wallace Rips President Donald Trump: ‘He Has Done Everything He Can to Undercut the Media’

Holiday Sales Rose from 2018

Breitbart reported, “The late-year bull market has seen the S&P 500 rise by 2.9 percent in December and by 29 percent for the year, putting it on the verge of posting best annual performance since 1997. Thursday’s market gains were paced by Amazon, which announced the 2019 holiday season was its best ever without offering specific numbers. Its stock price rose 3.1 percent, reaching a high of $1,850.18.”

“Other factors driving the rally included continuing low unemployment and the announcement of a ‘phase one’ trade agreement between the United States and China,” Breitbart noted.

On Thursday, a Chinese commerce ministry spokesman said his side and the Trump administration were in “close communication” over completing the deal.

RELATED: Elizabeth Warren Warns of ‘Economic Crash,’ CNN Pundit Says She Might Cause It

Good News for Trump

As the impeachment circus continues and the 2020 election approaches, any good economic news is likely to help Trump’s re-election prospects. Historically, a strong economy has nearly always helped incumbent presidents.

If all the Democrats have to offer is their non-stop witch hunt against the President, and Donald Trump is producing jobs, a robust economy and significantly raising the overall financial health of the country– why would anyone vote for anyone other than Trump?

That’s the question Democrats should really be asking themselves if they weren’t so deluded and distracted by their own mindless partisanship.

With more and more Americans enjoying a booming economy, impeachment isn’t an attack on Donald Trump–it’s a favor.

is a professional writer and editor with over 15 years of experience in conservative media and Republican politics. He... More about John Hanson

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