S&P 500 tops $20 trillion As US Markets Break Record Again!

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Bibi Haniffa

Reuters, Feb., 13, 2017

The main U.S. stock indexes hit record intraday highs on Monday, with the S&P 500 topping $20 trillion in combined market-capitalization for the first time ever, as the "Trump trade" jump-started on renewed optimism about the economy.

President Donald Trump vowed last week to make a major tax announcement in the next few weeks, rekindling a rally that has stalled amid concerns over Trump's protectionist stance and lack of clarity on policy reforms.

The S&P has surged 8.3 percent since Trump's Nov. 8 election through Friday's close, fueled by expectations Trump would lower corporate taxes, reduce regulations and increase infrastructure spending.

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Former Member

hope them poor blue collar white workers benefit from this run up in stocks

2/13/171:10 PM

Bibi HaniffaGNI Queen

Most legal US workers who work for the govt or a company, regardless of income level, have pension plans that are invested in the market. When the market goes up, their pension plans go up.

2/13/173:47 PM

PrashadSenior Member

This is great news for Arab countries. They have about one trillion in investments in American companies

2/13/175:16 PM

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