Under Trump: Dow Jumps to Highest Record

by
August 1, 2017

Stock MarketU.S. stocks traded higher on Tuesday, the first trading day of August, as the Dow Jones industrial average approached another milestone.

The 30-stock index rose about 70 points to a new record, with Goldman Sachs contributing the most gains. The Dow also traded near 22,000. The S&P 500 rose 0.1 percent, with telecommunications and financials leading advancers. The Nasdaq composite climbed 0.1 percent.

Dow futures briefly signaled the index would break above 22,000 for the first time. The Dow is coming off its strongest monthly performance since February, having risen 2.54 percent. Shares of Boeing contributed the lions share of the gains, adding more than 300 points to the index.

The Dow, along with the Nasdaq and the S&P, notched record highs in July as investors shrugged off news of the turmoil in Washington as well as geopolitical tensions. The White House is once again on Wall Street’s radar after the recently appointed communications director Anthony Scaramucci was fired on Monday. He was in the position for 10 days.

58 Comments - what are your thoughts?

  • I Seigel says:

    Trump claims this as one of his “accomplishments”, along with the record high Dow index and low unemployment. Did anyone notice that the stock market was reaching new highs and the unemployment number was just as low, if not a bit lower, during Obama’s final months? He’s inherited a booming economy from Obama, no matter what your complaints were back in October.

    1. Jose says:

      Another snowflake on a meltdown

      1. I Seigel says:

        Yes, the whole WH is melting down. Now Kushner is claiming that their campaign was so dysfunctional and incompetent, they COULDN’T have colluded with the Russians. What a GREAT excuse!! Really gives you confidence in Trump’s ability to lead and govern – you know, as a businessman.

        1. Jose says:

          I was talking about you, snowflake.

          1. I Seigel says:

            Oh, but really the snowflakes are all in the WH. Or they’re like fireflies – they keep flaming out.

          2. keedon says:

            LOL flaming out like all the grasping at straws concoctions you gullible, liberal Demwits keep throwing at Trump.

          3. I Seigel says:

            Trump isn’t being attacked by Demwits, He’s being attacked by his own staff and party!!

        2. keedon says:

          Really the whole WH is melting down? You gullible. liberal Demwits are the ones melting down. The mass hysteria coming from the left is hilarious. You need to stay current. Trump has been proven over and over to not be guilty of the BS you proctologist delights are throwing around. Just remember this at the end of the day us 62 million Deplorables go to bed knowing all is well with the world. Trump is in the WH and Hillary isn’t.

          1. I Seigel says:

            What do you mean he’s been “proven over and over to be not guilty”? The WH just admitted yesterday that Trump’s claim that he got phone calls from the Mexican president and the Boy Scouts congratulating him was a lie. You need to stay current!!

            And when you say “proven to not be guilty”, that sounds like there’s been an investigation or trial and he’s been proven innocent. Show us where there’s been a verdict or finding on anything yet. Nothing is further from the truth at this point. So, Bozo, you’re obviously not current.

          2. keedon says:

            LOL I’ll bet you don’t even know that you just shot down the gullible, liberal Demwit argument that Trump is guilty of all kinds of things. Since there hasn’t been any trials Trump is only guilty in your own gullible, liberal Demwit minds. By the way those claims the WH denied didn’t come from the WH at all but the far left lying liberal fake news.

          3. I Seigel says:

            Unlike you and your kind – who have already made up their minds – the “Demwits” have an open mind about what Mueller and his team MAY find. So I haven’t “shot down” anything. I’ve only stated the obvious – that until the investigations are publicized by the authorities and not partially leaked by people with their own biases – no one REALLY knows anything. But stay tuned!……

          4. keedon says:

            When Trump fires Mueller it will all be settled. Stay tuned.

          5. I Seigel says:

            Is it Mueller with his “imbecilic creations”? What alternative facts are you relying on now?

      2. Retired says:

        No just another Troll with a new name .

        1. gvette says:

          LOL…no, same asshole, same name. Still misses the gay boys dick!

          1. Retired says:

            Assholes are all alike ,that is where they talk from as it is the only hole .

          2. gvette says:

            That’s where Seigel talks from, that’s for sure!

          3. Geneviejeiler says:

            King17

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          4. Lavernerelizalde says:


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    2. Retired says:

      That was because Trump was going to win the election and not Hillary like the polls said along with the media.

      1. I Seigel says:

        And that’s why Kushner said what he did? That doesn’t make any sense.

        1. Retired says:

          You are right that YOU do not make sense .

          1. I Seigel says:

            Try listening to the news and educate yourself. Obviously you’re ignorant of the day’s events

          2. Retired says:

            I read them before you wake up in mommies basement .

          3. I Seigel says:

            Prove it. Show me mommie’s basement. Or STFU.

          4. Retired says:

            You can always tell when hitting a Demon Rats nerve , they get nasty .

          5. I Seigel says:

            You can always tell when you’re talking to a mindless drone of a Trump supporter – they really can’t think for themselves and carry on a logical conversation, and they rely on insults and the tired “DemonRats” and “libtards” lines without ever saying anything new. SAD!

          6. keedon says:

            Once the Demwits start cursing the game is over. When a Demwit gets mad at being labeled it is a sign they have no sense of humor.

          7. Retired says:

            It is also called the TRUTH hurts.

          8. keedon says:

            Stop listening to fake news and you will be OK.

          9. I Seigel says:

            Fake news like the words coming out of Sarah’s or Kellyann’s mouths? Or are you a fan of “alternative facts”?

    3. gvette says:

      As you don’t know the difference between unemployment numbers, and worker participation, what you say means nothing.
      As for the market under the gay guy, QE-3. That was the fed pumping 30 billion a month into the stock market, and buying our own debt.
      LOL.. inherited a booming economy?

      We have the final nail in the coffin of President Obama’s economic reign. Not only is the average annual growth rate of just 1.48% during Obama’s business cycle the weakest of any expansion since at least 1949, he has just become the only President to have not had even one year of 3% GDP growth.

      An average annual GDP growth of 1.48% during Obama’s two terms…

      1. I Seigel says:

        So tell me, oh economic genius. Why are the economic numbers so much different and so much better 7 months later? What has Trump done to turn the entire economy around so that the 30 billion isn’t helping to prop up the stock market anymore, and the worker participation is SOOOOO much better now, even tho the unemployment number is basically identical? And what is the annual GDP number, which just came out a couple days ago? 2%-ish? Basically, a gradual and continual rise which started well before Obama left office.

        1. gvette says:

          What a joke you are. It took your Muslim gay nigger 8 years to destroy the economy, and you think it gets fixed in a few months.

          1. I Seigel says:

            What? Trump is crowing about all his “accomplishments” with the economy. So you don’t think they’re accomplishments? You think he’s full of it?

          2. I Seigel says:

            This is a PR piece, written by a PR person in the WH, 3 months ago. It’s not news, it’s not facts. It’s PR and spin. Do you have a clue as to the difference between PR and facts? PR, for your info, is another word for “Fake News”.

          3. gvette says:

            Things he has done. You just don’t like it, because all your Muslim did was put more people on welfare, and increase the number of people on food stamps! Oh, and put perverts in the lady’s rest rooms

          4. I Seigel says:

            And what has your pussy-grabbing, POW-hating, fake Christian bullshitter accomplished? How many jobs have been created? A few hundred coal miners? Hah!

          5. gvette says:

            You’re showing your stupidity now.POW hating. I guess you’re referring to McCain, better known as songbird, by the people that served with with the coward.
            Job growth surged in April and the unemployment rate neared a 10-year low, the Labor Department reported Friday, giving a boost to President Donald Trump’s promise of a robust economic recovery. Average hourly private-sector earnings were up 2.5 percent over the previous year. In March, they were up 2.6 percent over the previous year.
            I guess you forgot about pervert Billy.

          6. I Seigel says:

            Yes, the job numbers did “surge” in April. But they also surged last year under Obama. Like I said, it’s continual improvement. Trump hasn’t done anything himself to turn negative numbers into positive numbers. If you’re going to credit Trump, you also have to credit Obama. Can’t do it, can you?? LOL!!

            Billy didn’t brag about it. Con-Don did.

          7. gvette says:

            Wow! You are stupid. LOL..the jobs Onigger created were part time minimum wage. That was partial in part because of Onggercare. Employers laid people off, and cut hours.
            One company that’s going to build here is Foxconn.
            Like I said, Trump has only been in office 7 months. Your gay Muslim had 8 years. You’re like the rest of the stupid people you associate with. You think it can be changed overnight. I guess you forgot how many businesses left, after Billy boy signed NAFTA. Industry headed to Mexico at a fast rate. Speaking of stupid DemonRATS. It fun to watch manufacturing leave CA, and head for Texas. Reason? Taxes.

          8. I Seigel says:

            Yes, Foxconn said they intended to build here. Many jobs might be created? Good paying jobs? Well treated workers? Time will tell.

            Meanwhile, Sears is closing many stores and might go into bankruptcy soon. KMart, too. Shopping malls are shriveling up and dying. Car sales dropped last month. Boeing will be laying off workers. Carrier is laying off. Other companies are shrinking, off-shoring, or going belly up. All under Con-Don’s watchful gaze. But he’s managed to get a few hundred coal miners back to work. No word yet on whether they’re actually going into the mines, or just administrators and operators of robotic mining equipment. Not really what all those black lungers were hoping for. Yet.

          9. gvette says:

            Oh, I forgot to mention. The interest rate the fed charges, has not one thing to do with you. That’s the interest rate they charge the banks.
            Do you know what corporate tax rate is in the US? I doubt it. We have the third highest corporate tax rate in the world, which by the way Trump is working on getting lowered. It’s a good thing you work for someone else. You’d fail on your own.

            During the Obama administration, figures obtained by Fox News show that 36,800 coal miners lost their jobs. Last September, the number of people mining coal hit the lowest point since 1985.

            Since Trump took office, 300 miners have been re-hired.

            Ninety of the new hires are at the E4-1 mine in Hazard. But that was after the mine was hit by a series of layoffs since 2012 that left 460 workers out of a job.

            “Maybe it’s a little C comeback at this point,” said Chris Hamilton Senior VP of the West Virginia Coal Association.

            No one expects coal jobs to come back to their heyday. Some of the causes can be pinned on former President Obama.

          10. keedon says:

            Shopping malls started dying many years ago. The internet is killing many brick and mortar stores. GM almost went out of business years ago and was saved by Obama who recently forgave GM the $80 billion they still owed. GM just announced the end of production for six models because of poor sales. For the first time the union coalminers voted Republican, There is a YouTube of Hillary telling a coal miner to his face that she will stop the use of coal for generating electricity and solar and wind would take its place. For the first time in history the 200,000 union members of the Fraternal Order of Police voted Republican. Do tell us about the Federal Reserve. Do you know anything about it?

          11. I Seigel says:

            You’ve stated some facts here that don’t really relate to this discussion.

            However, one thing you said was very false. GM does not owe $80 billion.
            https://www.fool.com/investing/general/2013/09/15/why-gm-still-owes-taxpayers.aspx

          12. keedon says:

            So GM owes $10 billion which says they haven’t finished paying the loan back. Paying with stock that was worth so little a share would take a lot of stock. What exactly doesn’t relate to the discussion? Again tell me about the Federal Reserve.

          13. I Seigel says:

            I still don’t get your point as it relates to this discussion. What does GM have to do with anything? And if you read the article – or any other story relating to this – you’d see that, technically, they repaid all their loans. The US Govt isn’t owed anything more from GM. The US took a loss on some stock sales. That’s not the same thing. Maybe you don’t understand

          14. I Seigel says:

            Choose your own source of news to look up all the Executive Orders Trump has signed. Many of them set up studies, set out “core principles”, and other things that don’t actually do anything to make Americans’ lives better or create jobs. You be the judge of just how much he’s accomplished. His EOs almost look like a list of things a high schooler would put in his or her resume to make it look like they’ve accomplished so much. Fluff.

          15. gvette says:

            The US Stock Market gained $2 trillion in wealth since Trump was elected!

            * The S&P 500 broke $20 Trillion for the first time in its history.

            President Trump decreased the US Debt in his first 100 days by $100 Billion. (President Obama increased the US debt in his first 100 days by more than $560 Billion.)

            The US Manufacturing Index soared to a 33 year high in this period which were the best numbers since 1983 under President Reagan.

            President Trump added 298,000 jobs in his first month alone (after President Obama said jobs were not coming back!).

            Housing sales are red-hot. In 2011, houses for sale were on the market an average 84 days. This year, it’s just 45 days.

            Illegal immigration is down 67% since President Trump’s Inauguration.

            NATO announced Allied spending is up $10 Billion because of President Trump.

            After being nominated by President Trump, Constitutionalist Judge Neil Gorsuch was confirmed and sworn in as Supreme Court Justice in early April.

            * Notifying Congress of a strike on Syria after it was reported that the country used gas on its citizens.

            * Dismantling Obama’s climate change initiatives.

            * Travel bans for individuals from a select number of countries embroiled in terrorist atrocities.

            * Enforcing regulatory reform.

            * Protecting Law enforcement.

            * Mandating for every new regulation to eliminate two.

            * Defeating ISIS.

            * Rebuilding the military.

            * Building a border wall.

            * Cutting funding for sanctuary cities.

            * Approving pipelines.

            * Reducing regulations on manufacturers.

            * Placing a hiring freeze on federal employees.

            * Exiting the US from the TPP.

          16. I Seigel says:

            I won’t bother to dispute any of the economic statistics you quote. But the economy didn’t start at “zero” and go from there on January 20. The economy has been on slow but steady growth for several years. Housing prices, jobs, stock market – you can go back yourself and look at the statistics. The stock market is in one of the longest bull markets since Clinton’s time in office. (This is a fact.) If you’re going to credit Trump for being in office while all these numbers are going up, then you have to credit Obama for being in office when all the numbers were going up. Either that, or you’re being a hypocrite.

            Take Korea, for example. Trump says he’s inherited all these horrible problems like Korea and Iran from Obama. He says Obama left him a wreck. Well, if he says that, he also has to say that he inherited a booming economy from Obama. He can’t say that everything that came before that was bad was Obama’s fault, and everything that came before that was good was his doing. It doesn’t work like that.

            And let’s take a look at those EOs you list:
            He signed one to build a border wall. What progress has been made?
            He signed one about rebuilding the military. Where’s the appropriations from Congress to do this?

            Just 2 examples. He needs Congress to actually get things done and spend money. He hasn’t had too much luck with Congress yet, other than a Supreme Court judge.

          17. gvette says:

            LOL…I told you before. During Omuslims term, do you remember QE-3? That was the fed pumping roughly 30 billion a month into the stock market, and buy our own debt. Everything you know, fits in a thimble.
            LOL..you’re a low information DemonRAT, nothing more!

          18. I Seigel says:

            You know that the Fed hasn’t yet stopped their bond-buying program. They’re tapering off, but it hasn’t stopped.

            If the thimble fits, wear it.

          19. gvette says:

            October would conclude their third round of using dollars created out of thin air to buy vast sums of bonds — $1.7 trillion in just the third round of the program, known across the land (or at least the financial world) as QE3.
            God you’re stupid!

          20. I Seigel says:

            Are you quoting something, or are these your own brilliant thoughts?

            The Fed, just a couple weeks ago, still hasn’t stopped their support for the economy. They are still keeping interest rates low, for example. Look it up. God, you’re a stubborn idiot.

          21. gvette says:

            I told you you were stupid. Interest rates have nothing to do with quantitative easing. Apples, to oranges. Who ties your shoes in the AM? You’re not bright enough to.

          22. I Seigel says:

            Do you have any idea what the Federal Reserve is? Or what it does? The amount of your ignorance is exceeded only by how smart you THINK you are! You’re a freakin’ joke! Sorry, but as entertaining as you are, you really are a total waste of space, food, and air. You’re just a parrot – no amount of facts will help to enlighten you. Your biased, bigoted mind was made up long ago, and you’re blinded by your hatred of anything not-Trump, not-conservative. Too bad. You have passable spelling, at least.

            Enjoy your Social Security checks. You never did say whether you took advantage of tax breaks to run your business. Breaks that were provided by the federal government – Dems and Reps. You did admit, tho, that you didn’t know anything about payroll, because you didn’t have any workers. Didn’t you?

          23. gvette says:

            LOL…you’ve already proven you know nothing about the fed. You think the interest rate they charge, is what you pay. That’s the rate they charge the banks. If you want to see stupid, look in the mirror!

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