Markets Open With A Jump After Trump’s SOTU

Robert Donachie | Capitol Hill and Health Care Reporter

All major U.S. stock market indexes opened in the green Wednesday morning following President Donald Trump’s first State of the Union address Tuesday night.

The Dow Jones Industrial Average, the NASDAQ and the S&P 500 posted marked gains at the opening bell Wednesday. The Dow topped 200 points, the NASDAQ over 50 points and the S&P 500 over 15 points.

Stocks took a significant hit Tuesday at the closing bell. The Dow took a 363-point tumble Tuesday just hours before Trump was set to address members of Congress, marking one of the benchmark indexes’ worst trading days since Trump defeated former Secretary of State Hillary Clinton in November 2016.

Wednesday’s opening is more in-line with how the market has performed since Trump took office. The Dow spiked roughly 8,000 points since the November 2016 election and the S&P and NASDAQ have followed suit, respectively.

The market has gained between $4 and $6 trillion in capitalization in Trump’s first year, well over the gains in Obama’s first year.

The president’s speech Tuesday evening, like many State of the Union addresses, focused on the unity of the American people, along with a number of domestic and foreign policy issues.

Follow Robert Donachie on Twitter

Send tips to robert@dailycallernewsfoundation.org.

Freedom of Speech Isn’t Free
The Daily Caller News Foundation is working hard to balance out the biased American media. For as little as $3, you can help us. Make a one-time donation to support the quality, independent journalism of TheDCNF. We’re not dependent on commercial or political support and we do not accept any government funding.
Content created by The Daily Caller News Foundation is available without charge to any eligible news publisher that can provide a large audience. For licensing opportunities of our original content, please contact licensing@dailycallernewsfoundation.org.
Tags : donald trump dow jones industrial average
© Copyright 2010 - 2018 | The Daily Caller