Sept 13, 2017
Like it or not, the U.S. stock market has performed exceptionally well since President Donald Trump was elected.
The S&P 500 has added $2.04 trillion in market value since Trump’s election last November through Monday, according to Howard Silverblatt, senior Index analyst at S&P Dow Jones Indices. The benchmark rose to a record on Monday and then another in early trading Tuesday.
Call it whatever you want, but from the election the $SPX is up 16.29% (18.33% TR) or $2.04 trillion, with income tax reform coming to bat
— Howard Silverblatt (@hsilverb) September 11, 2017
The index initially soared after the election, in part, on hopes of tax reform from the new controversial new president. The U.S. has one of the highest corporate tax rates in the world and a reduction of that would bulk up companies’ bottom lines.
One of the biggest beneficiaries from tax reform would be the information technology sector, the stalwart of the U.S. stock market since Nov. 8.
This article was posted: Wednesday, September 13, 2017 at 9:04 am