President Donald Trump predicted Tuesday the Dow Jones Industrial Average will top 22,000 for the first time ever Tuesday afternoon, which would mark a 4,000-point increase since he took office.
The president tweeted Tuesday morning that the “Stock Market could hit all-time high (again) 22,000 today. Was 18,000 only 6 months ago on Election Day.”
Stock Market could hit all-time high (again) 22,000 today. Was 18,000 only 6 months ago on Election Day. Mainstream media seldom mentions!
— Donald J. Trump (@realDonaldTrump) August 1, 2017
The Dow breached 21,000 for the first time in its history in March, coming off the heels of Trump’s first address to Congress.
The index broke 19,000 for the first time Nov. 22, and also marked the beginning of a market rally that continues today. It took just 13 trading days for the Dow to break 19,000. Prior to the November jump, the Dow hadn’t experienced a thousand-point rally since 1999, when it went from 10,000 to 11,000 in just over 24 trading sessions. The ’99 rally was also the single fastest thousand point jump in the Dow’s history. (US Stock Markets Hit All-Time High Tuesday Morning)
The benchmark index surpassed the 20,000 mark for the first time ever in January.
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