“The milestone-busting Dow has done it again,” USA Today reports this morning.
“The Dow Jones industrial average topped 25,000 for the first time Thursday, kicking off 2018 where it left off last year with sizable stock market gains powered by a global economic recovery and optimism that the Republican tax-cut bill will provide a fresh boost for U.S. growth and help American companies make more money.”
President Trump was quick to take to Twitter to note the event and suggest further deregulatory, pro-growth efforts may be coming:
Dow just crashes through 25,000. Congrats! Big cuts in unnecessary regulations continuing.
— Donald J. Trump (@realDonaldTrump) January 4, 2018
The S&P 500, Nasdaq, and Russell 2000 also hit all-time highs, according to Fox Business:
#StockAlert: Dow, S&P 500, Nasdaq, Russell 2,000 hit all-time highs pic.twitter.com/oCKqTa373R
— FOX Business (@FoxBusiness) January 4, 2018
Even the Washington Post is referring to Thursday morning’s breakthrough as a “history-making rise.”
As conservative economist Stephen Moore wrote of the Trump economy yesterday, “It turns out the businessman knows more about how the economy really works than the chattering class. What a shock.”