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Tags: wall street | stocks | dow | markets | investors

Trump Touts 'Record Business Enthusiasm,' Cheers Health Stock 'Plunge'

Trump Touts 'Record Business Enthusiasm,' Cheers Health Stock 'Plunge'

By    |   Monday, 16 October 2017 11:05 AM EDT

President Donald Trump is continuing to publicly comment on Twitter about the recent bull stock market.

He has recently touted gains the overall market has made, "record business enthusiasm: 

"The U.S. has gained more than 5.2 trillion dollars in Stock Market Value since Election Day! Also, record business enthusiasm," he tweeted Monday.

"Health Insurance stocks, which have gone through the roof during the ObamaCare years, plunged yesterday after I ended their Dems windfall!" Trump tweeted early Saturday.

And Friday he touted a CNBC story claiming: "Consumer confidence soars to highest level since 2004."

Major Wall Street indexes hit fresh records at the open on Monday on gains in financial and technology stocks even as investors awaited a barrage of earnings reports this week, Reuters reported.

“The market still wants to be optimistic, it wants to continue to move higher from here,” said Robert Pavlik, chief market strategist at Boston Private Wealth.

“It seems to be the trend recently that companies report good earnings and the market sells them off a little bit, taking it as an opportunity to lock in profits. But it’s not something that should worry long term investors.”

(Newsmax wires services contributed to this report).

© 2024 Newsmax Finance. All rights reserved.


Markets
Wall Street opened slightly higher on Monday as investors pondered a solid initial round of third quarter company earnings and awaited a further flood of results this week.
wall street, stocks, dow, markets, investors
271
2017-05-16
Monday, 16 October 2017 11:05 AM
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