How Trumps Executive Orders Effect the Economy
With the newly elected President Donald Trump just taking office this week, we are already starting to see the impact that he is having on the economy. So far, things seem to be heading in the right direction, and they are expected to continue to trend that way for the foreseeable future.
The S&P 500 Jumps To A Record High
This past Tuesday, we have already seen the S&P 500 jump to a record high. This is in part due to the executive orders signed by Trump earlier this week. The S&P 500 jumped a total of 0.66% that day, marking the highest single day increase in its history. Metals such as copper, platinum, and palladium all jumped significantly.
What Was Behind This Increase?
The reason behind this historic jump was due to Present Trump’s executive orders that made it more likely for Energy Transfer Partners to construct the final section that was put on hold for the Dakota Access Pipeline, and TransCanada to construct the Keystone XL pipeline.
Does The Jump In The S&P 500 Predict Where The Dow Jones Is Heading?
Since we have already seen the tremendous increase that the S&P 500 has undergone so quickly, people are expecting the same to happen to the Dow Jones industrial average.
What Is The Current State Of The Dow Jones Industrial Average?
So far, the Dow Jones industrial average has been showing major improvements this week. That same day that the S&P hundred broke a single-day record, we also saw the Dow Jones industrial average increase by 112 points.
Closing In On 20,000
The Jones industrial average is hovering close to a never before seen high of 20,000. As of the end of the day on Tuesday, January 24, 2017, the Dow Jones closed at 19,912.71, with a high of 19,949.12.
Since it is so close to that 20,000 mark, people are eagerly awaiting the moment that it jumps above that point.
President Trump’s Impact On Wall Street
So far, Trump and his executive orders have had a hugely positive impact on Wall Street. Markets across the board are going up and it appears to be a trend that will continue into the near future.
How To Take Advantage Of These Rising Markets
With the economy performing so well right now, it is a great time to use that momentum and invest into the growing market. People can begin stock trading online to profit on their investments. Whether you target the S&P 500 or the Dow Jones, there is a good chance your investments will rise over the short-term and maybe the long-term as well.
Is The Dow Jones Set To Break Records?
Most people believe that the Dow Jones will break that 20,000 mark and set new records for the average. The impact that Present Trump is having on these markets has been unprecedented and it is expected that things will continue to trend in that direction.