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Dow smashes 21,000 mark for first time after Trump speech

 
The Dow Jones Industrial Average has smashed passed the 21-thousand mark for the first time following President Trump's speech to Congress.
 
His conciliatory tone boosted confidence among investors, though details were still scarce. They were also optimistic that the Federal Reserve may raise interest rates this month.
 
The Dow rose nearly one-and-a-half percent to close at 21-thousand one hundred and fifteen.
The S&P 500 rose one-point-four percent to close just below the two-thousand-four hundred mark and the NASDAQ jumped one-point-three-five percent.
 
The rally was also helped by the release of the Fed's Beige Book, which reported that America's economy had expanded at a modest-to-moderate pace in the first month and a half of this year.
 
However, the overall tone was less upbeat than last month's report, noting that retail sales increased at a subdued pace.
It also said the job market remained tight and that inflation pressures seemed to cool off slightly.
 
dow smashes 21000 mark

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