Here’s Why The Stock Market Hit New Record Highs After Trump’s Comments On Iran

Despite stock futures plummeting overnight on reports that Iran launched a missile attack on U.S. military bases in Iraq, the market sharply rebounded on Wednesday. Stocks hit new record highs after Trump’s comments on Iran indicated a de-escalation of potential conflict.

At their worst levels of overnight trading, S&P 500 futures were down by as much as 1.6%, while the Dow shed more than 400 points.resulted in no casualties leaving observers less worried about a full-fledged war.late Wednesday morning, Trump stated Iran “appears to be standing down” and indicated there would be no armed response from the U.S., though he did pledge new economic sanctions on the Iranian regime.

The stock market breathed a sigh of relief, rallying to new records on the news: The S&P 500 and Nasdaq Composite indexes both hit all-time highs, rising by 0.66% and 0.80%, respectively. The Dow Jones Industrial Average also moved higher, up by 0.72%. Trump’s press conference “largely expressed a conciliatory message, reinforcing the notion that Washington is aiming to de-escalate tensions in the region,” says Adam Crisafulli, founder of Vital Knowledge.after ADP and Moody’s said U.S. private payrolls soared by 202,000 last month—far above the expected 150,000, which indicates the U.S. job market is still robust and can continue to support the U.S. economy’s moderate expansion.

9 January - Trump Moves to Exempt Big Projects From Environmental Review - California Governor Pushes $1.4 Billion Plan To Tackle Homelessness - Meghan and Harry waxworks removed from Royal family display at Madame Tussauds

Great news for my 409K!

2 trillion dollars printed out of thin air in 12 months to replace revenue corporations used to buy back stocks. That's why. It's called the Federal Reserve and it has sh*t to do with any promise of real economic growth at all. That's also why it will pop like the bubble it is.

Y'all don't see a major conflict of interest with military contractors being traded on a stock market? Seems counter productive to humanity making profit over peace.

WINNING. NON STOP WINNING. TRUMP YOUR PRESIDENT. THATS WHY.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Here’s Why The Stock Market Hit New Record Highs After Trump’s Comments On IranHere’s why the stock market hit new record highs after Trump’s comments on Iran: by skleb1234 skleb1234 Why doesn't Forbes report on a trillion dollar deficit in good economic times. Trump is responsible for this unnecessary debt. Report on that. skleb1234 Trump continues to surprise even the Americans.. May long lasting peace prevails. skleb1234 Feasible Answer!
Source: Forbes - 🏆 394. / 53 Read more »

Here’s why the stock market is surging to records after an Iranian missile strike threatened to erupt into warThe S&P 500 has declined 5% on average in 20 major geopolitical events dating back to the attack on Pearl Harbor in 1941, according to LPL and CFRA... Ahhhhh. I see your mistake. You think war is bearish. Don't worry. Common misperception. What else? War means weapon sales and movements in almost every other industry aswell. They'll quiet back down when it doesn't materialize, but we're already a neglegable trade partner with iran. Not at all like China. Business have nothing to loose and everything to gain. There are ALWAYS crazy people around! So, the markets just go on regardless.
Source: MarketWatch - 🏆 3. / 97 Read more »