U.S. Stocks Hit Record High, Jobless Claims At 49-Year Low

Tax cuts & de-regulation continue to contribute to strong economic numbers in the U.S.

Both the Dow Jones Industrial Average and S&P 500 reached a record high today.

The Dow reached 26,656.98, while the S&P finished at 2,930.75.

On Twitter, U.S. President Donald Trump shared his thoughts on the record:

“S&P 500 HITS ALL-TIME HIGH Congratulations USA!”

At the same time, jobless claims in the U.S. fell to the lowest level in 49-years.

According to the Wall Street Journal, “Initial jobless claims, a proxy for layoffs across the U.S., fell by 3,000 to a seasonally adjusted 201,000 in the week ended Sept. 15, the Labor Department said Thursday. It was the lowest level since December 1969, and less than the 210,000 claims economists surveyed by The Wall Street Journal expected.”

That’s not the only good news for the U.S. economy, as that nation has also become the largest oil producer on earth.

This is yet more evidence that lower taxes and de-regulation create an atmosphere of consumer confidence and business optimism that leads to economic success.

Stocks in the U.S. have been going up despite some concerns over U.S.-China trade tensions. Trump released a video discussing trade online:

Spencer Fernando

Photo – Twitter

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Jen
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Jen

And no matter if a NAFTA is reached between Canada/USA, as long as TAXES are high and strict regulations continue to exist in Canada, Businesses will still leave Canada for lower taxes and de-regulations in USA. Donald Trump know this and so do many investors.

NancyW
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NancyW

We need a Prime Minister who is FOR Canada, and then we can catch up hopefully before these arrogant greedy dictator elitists divide and conquer communist Lieberal/ndp destroy our once great country. Some may not like President Trump, but he is the best President for the USA in a long time, I am very happy for the USA he has been successfully draining their swamp as he said he would. The USA would be fools not to keep this great FOR the USA President. Doug Ford is fighting against them in Ontario for the people as a real democracy should… Read more »