On Tuesday, U.S. stock prices continued to rise. The Dow closes at an all-time high for a second straight session. More from Market Watch:
The Dow industrials DJIA, +0.47% rose 35.54 points, or 0.2%, to end at 19,251.78. The S&P 500 index SPX, +0.32% gained 7.52 points, or 0.3%, to finish at 2,212.23, only about a point away from its record closing level. Sectors that offer relatively generous dividends, including telecommunications and real estate, were higher as investors rotated into defensive areas.
The Nasdaq Composite Index COMP, +0.12% added 24.11 points, or 0.5%, to close at 5,333.
This is interesting, considering many experts assumed that a Trump election would devastate the market.
“A big adverse surprise — like the election of Donald Trump in the U.S. — would likely cause the stock market DJIA, +0.20% to crash and plunge the world into recession,” MIT professor and MarketWatch contributor Simon Johnson incorrectly forecasted just a couple months ago.
Dow Record High
Just in: the Dow hits lifetime high! pic.twitter.com/iOv3pNlglB
— FOX Business (@FoxBusiness) December 7, 2016
Of course, the booming stock market cannot be completely attributed to the election of Donald Trump. It is reasonable to suggest that the pro-business policies he has been introducing during his campaign are charging the stock market. Both investors and business owners alike are hopeful for huge opportunities in the near future.