Larry Kudlow and Donald Trump together sent the stock market to record highs on Wednesday. Kudlow provided the initial boost to the Dow Jones by teasing “tax cuts 2.0,” while Trump signed the China trade deal. Economists at ABN AMRO believe tariff reductions will pressure inflation, spurring a rate cut from the Fed in the…
Tensions between the US and Iran eased on Wednesday, lifting the Dow Jones. Trump appeared to hint at favoring economic sanctions rather than further military conflicts. Strong ADP non-farm employment data added to stock market euphoria, even though Boeing and Walgreens posted heavy losses. The Dow Jones shook-off rough risk sentiment overnight to post an…
The Dow Jones surged as traders shrugged off a huge miss in hourly wages and a lower than expected non-farm payrolls number. US President Donald Trump made positive noises about a trade deal with China, reinforced by chief economic adviser Larry Kudlow, while Fed Chairman Jerome Powell helped push the Dow higher late in the…
The Dow Jones rallied past 27,000 on Wednesday after China removed some tariffs on US goods & stock market bulls anticipated a stimulus bomb from the ECB. | Source: Drew Angerer / Getty Images / AFP The Dow Jones zoomed above 27,000 on Monday as global stocks rose in anticipation of an ultra-dovish European Central…
