The Dow Jones Industrial Average hit a record-high Thursday leaving experts wondering how much further it can climb.
In another win and record for the stock market, the Dow Jones Industrial Average climbed above the 25,000 mark for the first time in its history on Thursday, completing a 7,000 point increase since President Trump was elected. If the index stays above that number, it would set another record: The speediest advancement to a new 1,000 point interval after jumping from 24,000 to 25,000 in only 23 trading days.
According to the Wall Street Journal, the numbers are climbing so rapidly for a number of reasons, including low unemployment:
According to CNN, government regulation (gasp!) is also a factor in the stock market’s continued success as Federal Reserve Chairwoman Janet Yellen has kept interest rates extremely low in order to give the economy a hand following the Great Recession. President Trump’s push — and success — to pass a tax cut also drove a lot of the recent gains, although he celebrated the news while claiming that “big cuts in unnecessary regulations” are responsible.
Whatever the true cause of the rapid gain, according to some Wall Street strategists, we’re “long overdue” for a hiccup in the market.
(Via Wall Street Journal & CNN)
