Boosted by a series of pledges and actions by President Donald Trump, the Dow Jones Industrial hit 20,000 points mark in the first ever such milestone.
Since Trump’s election in November 2016, the Dow has registered a nearly 10 percent rise, as businesses see a boost from his promised policies to slash taxes, remove regulations and spend robustly on rebuilding infrastructure. The 1600 points surge is being seen as a sign of business confidence in the new administration.
In the latest moves, President Trump has pulled the United States out of Trans-Pacific Trade Agreement, making it clear that any international commerce will put Americans interest first.
His decision on reviving pipelines also seems to have resonated well with investors on the Wall Street, leading to Wednesday’s historic rally.
The United States, experts say, also continue to benefit from its consistent economy recovery after the 2008 financial crisis which left world markets tumbling.
While job generation has been consistently steady for the record 75 months, Trump’s pledge to create more jobs and make America a hub of manufacturing has also been helpful in raising investors’ confidence and aiding an extrordinary performance of the Wall Street.
