ArcticGranite
Well-Known Member
Since the 2016 election, won in shocking fashion by Trump over Democratic rival Hillary Clinton, the Dow has climbed 24%, the S&P 500 index SPX, +0.56% has advanced by about 19%, the Nasdaq Composite Index COMP, +0.78% has returned about 26%, and a popular index of small companies, the Russell 2000 index RUT, +0.29% has beat its large-cap peers, jumping more than 26%. That’s as of the close of trade on Wednesday.
A resurgence in the so-called Trump trade has investors once again contemplating a fresh milestone for the Dow Jones Industrial Average.
This time the most well known and oldest U.S. equity benchmark is set to hit 23,000 for the first time ever, notching its fourth straight 1,000 point climb over the past 12 months. That would be the largest number of such 1,000 point moves within a calendar year in the benchmark’s 120+-year history, according to WSJ Market Data Group.
http://www.marketwatch.com/story/the-stock-markets-velocity-has-the-dow-flirting-with-230000-2017-10-05?siteid=yhoof2&yptr=yahoo