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.
Stocks hit fresh records, sending the Nasdaq above 9000 for the first time, as Amazon rose on strong holiday sales https://t.co/r1CXlarnag
— The Wall Street Journal (@WSJ) December 26, 2019
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.
In November 2016 NASDAQ was ~5000. Today, it breached 9000. Amazing what a business person can accomplish.
The Nasdaq hits 9,000 for the first time ever, S&P reaches all-time high in year end rally!!♥️ https://t.co/E6U2gL4y4R
— JohnSeagull (@JohnSeagull007) December 26, 2019
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.