text-left

S&P hits record high

On Monday, the S&P 500 stock hit a record high, prompting optimism and confidence in the state of our economy. The Trump administration has built and maintained a strong economy over the past three years, and among trade deals and fluctuation of markets, the strong showing yesterday is impressive.
 
Yesterday, the S&P stock rose 0.6% to an all-time high and closed at 3,039.42. Dow Jones and Nasdaq also had profitable days.
 
The fluctuation of the stock market is often an indicator of the strength of the economy. During the summer, the economy was strong and stocks were high, but the natural ebbs and flows of the market brought it back down, as in late July, S&P fell.

The index has climbed since the late summer months to their strongest close to date. After a solid Q3, the stock market has risen since the beginning of Q4.
 
Yesterday was a strong showing for companies including Microsoft and AT&T, who gained 2.5% and 4% respectively (CNBC). Walgreens and Spotify also reported strong earnings yesterday with a 1.9% increase for Walgreens and a 16.2% rise for the music giant.
 
In a reaction to the markets, President Trump tweeted the success, noting that “this is a big win for jobs, 401-K’s, and frankly everyone.” As the stock market rises and fall, Monday's reports are a strong sign of economic growth.
  by   is licensed under