Trump Rally Is the Biggest Post-Election Since Hoover

Trump Rally Is the Biggest Post-Election Since Hoover

If the postelection stock market rally continues at its current pace it could be the largest stretching back to the gains scored in the wake of Herbert Hoover’s 1928 election victory.

Major indexes are trading at record levels with the S&P 500 SPX, -0.11%  up more than 5% and the Dow Jones Industrial Average DJIA, +0.20%  rising 7.8% since Nov. 8 over optimism that President-elect Trump will usher in a new era of economic boom on the back of higher fiscal spending and pro-growth policies.

Read Full Article »
Comment
Show commentsHide Comments

Related Articles

Search Stock Quotes
Commodity Prices