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Dow Breaks 24,000 For First Time Ever

An American flag is seen left on a fence outside the National 9/11 Memorial and Museum during ceremonies marking the 16th anniversary of the September 11, 2001 attacks in New York, U.S., September 11, 2017. REUTERS/Shannon StapletonAn American flag is seen left on a fence outside the National 9/11 Memorial and Museum during ceremonies marking the 16th anniversary of the September 11, 2001 attacks in New York, U.S., September 11, 2017. REUTERS/Shannon Stapleton

The Dow Jones Industrial Average opened above 24,000 for the first time in the index’s history Thursday morning, continuing a string of thousand point gains since President Donald Trump defeated former Secretary of State Hillary Clinton.

The benchmark index sat at 24,064.32 as of 10 a.m. Thursday morning, opening roughly 100 points up from its close Wednesday. The Dow is up over 4,500 points since the 2016 November election, and the market has gained roughly $4 trillion in capitalization.

American businesses are investing in the U.S., to the tune of hundreds of millions, on the promise that Congress will deliver a comprehensive tax reform bill. Senators are expected to pass a comprehensive tax reform bill as early as Thursday afternoon.

Americans themselves are already seeing the benefits of a growing economy. Americans’ disposable personal income in the past two financial quarters increased $198.7 billion and personal savings grew over $1.04 trillion.

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Robert Donachie
the authorRobert Donachie
I studied Political Economy at Rhodes College in Memphis, Tn. I am an active musician and I love the outdoors. I write on economics, politics, healthcare policy (nerd things) and cronyism for the Daily Caller News Foundation.

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