Another Trump Miracle: January 2019 Stock Market Gains Hit Another Record – Best January in History of DOW!
Guest post by Joe Hoft
President Trump is Making America Great Again!
January’s stock market gains were the greatest ever for a January in the more than 100 years of the DOW.
Percentage-wise, January 2019 was the best January in 30 years!
January 2019 is being labeled the best January for the stock market in 30 years –
Wall Street stocks finished a banner month on a mostly positive note Thursday (Jan 31), with the Dow notching its best January in 30 years, reversing the bruising finale to 2018.
The Dow Jones Industrial Average ended the month at 24,999.67, a 0.1 per cent dip for the session, but up 7.2 percent for all of January.
The broad-based S&P 500 closed at 2,704.10, up 0.9 per cent for the session and 7.9 per cent for the month.The tech-rich Nasdaq Composite performed even better, closing the month at 7,281.74, up 1.4 per cent for the session and 9.7 per cent for the month.
The highlights of the session included banner results from Facebook that lifted the social media giant 10.8 per cent.
Stocks also picked up momentum late in the session when President Donald Trump hailed “tremendous” progress in US-China trade negotiations held over the last two days in Washington.
In a letter from Chinese leader Xi Jinping to Trump that was read out by the Chinese delegation, Xi said relations were at a “critical” stage and that he hoped “our two sides will continue to work with mutual respect.”
The S&P 500 also had it’s best January in over 30 years –
U.S. stocks closed mostly higher Thursday, with the S&P 500 notching its best January in over three decades, after the Federal Reserve signaled that rate increases are on pause and that its next policy move will depend on economic data.
The actual results are even more shocking when looking at point rises. For the month the DOW, for example, increased by more than 1,600 points. This is the most the DOW has increased in the month of January in its over 100 year history. The DOW ended 2018 at 23,327 and it ended the month of January 2019 at 24,999 for an increase of 1,672 points.