Originally published at: HAPPENING NOW: Dow Jones Jumps 150 Points on Strong Data, SETS NEW RECORD | Sean Hannity
The US economy continued to roar to life under President Trump and the Republican-controlled Senate in 2020; with the Dow Jones jumping 150 points and reaching an all-time high during morning trading.
“Stocks rose on Thursday to hit fresh record highs after Morgan Stanley reported quarterly figures that easily topped analyst expectations while investors solid data on the U.S. economy,” reports CNBC. “The Dow Jones Industrial Average gained 150 points, or 0.5%. The S&P 500 climbed 0.5% and broke above 3,300 for the first time. The Nasdaq Composite advanced 0.6%.”
“Many, including us, are highlighting how stock prices have become expensive relative to their earnings,” said Nick Raich, CEO of The Earnings Scout, in a note. “Market bulls said not to worry because earnings would eventually catch up to price. Are they correct? This week, and in early 2020, those bulls are correct.”
Read the full report here.