Finance

Dow Closes at Record High as Stocks Surge

wall-street1

The myth that a Donald Trump victory would kill the stock market obviously turned out to be false in a major way. As Election night went on, and it became quite clear that Donald Trump would be the next president, stocks took a deep dive. Since that drastic plunge, they have been surging to all time highs.

Screengrab from Google Finance

Screengrab from Google Finance

Those surging numbers, led to a record high today. As all time highs set in August were shattered by big gains in a few of its 30 components including Goldman Sachs and IBM.

Besides the DOW, other markets were fairly mixed. Industrials and bank stocks flew up while it was quite the opposite for technology shares, like those such as Apple (AAPL.O).

Based on the latest available data from the markets index, the Dow Jones Industrial Average .DJI was up 218.73 points, or 1.18 percent, to 18,808.42, the S&P 500 .SPX had gained 4.31 points, or 0.2 percent, to 2,167.57 and the Nasdaq Composite .IXIC had dropped 42.28 points, or 0.81 percent, to 5,208.80.

Will stocks continue to surge leading up to and throughout Donald Trump’s presidency?

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