By Tim Pearce
The Dow Jones Industrial Average hit an all-time high Thursday, the 100th such time since Trump was elected in November 2016.
The Dow closed at 26,656.98 after jumping 251.22 points, a .95 percent increase, before closing. The S&P 500 also hit a record-breaking mark, gaining 22.8 points throughout the day to close at 2,930.75, Fox Business reports.The Dow’s Thursday record is the first all-time high the stock index has hit since January.
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American consumers’ confidence in the economy seems to be hitting a historic high, as well. The Bloomberg Consumer Comfort Index leapt to a 17-year high last week.
The Bloomberg index measures Americans’ views of the economy, personal finances and their confidence in investing in big ticket items such as cars and houses.The records reflect overall strength in the stock market despite tariff threats and retaliations in ongoing U.S. and China trade negotiations. The Trump administration plans to impose an additional $200 billion worth of tariffs on China as next week.
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