WOW BIGGEST POINT GAIN EVER!!! Dow Jones Soars 1,086 Day After President Trump Says It’s a Good Time to Buy!
BIGGEST POINT GAIN EVER … Wednesday also marked the biggest post-Christmas rally for U.S. stocks ever!!!
On Wednesday the Dow Jones Industrial Averages had its biggest point gain ever! The Dow closed 1,086.25 points higher, or 4.98 percent, at 22,878.45. Now if only the Fed chair would shut the hell up and stop trying to sabotage the markets. President Trump stated earlier with regards to the stock market’s big slide in December: “I think it’s a tremendous opportunity to buy. Really a great opportunity to buy.”
Stocks posted their best day in nearly a decade on Wednesday, with the Dow Jones Industrial Average notching its largest one-day point gain in history. Rallies in retail and energy shares led the gains, as Wall Street recovered the steep losses suffered in the previous session.
The 30-stock Dow closed 1,086.25 points higher, or 4.98 percent, at 22,878.45. Wednesday’s gain also marked the biggest upside move on a percentage basis since March 23, 2009, when it rose 5.8 percentage points.
The S&P 500 also catapulted 4.96 percent — its best day since March 2009 — to 2,467.70 as the consumer discretionary, energy and tech sectors all climbed more than 6 percent. The Nasdaq Composite also had its best day since March 23, 2009, surging 5.84 percent to 6,554.36.
Wednesday also marked the biggest post-Christmas rally for U.S. stocks ever.
THE REAL ECONOMY IS JOBS, NOT THE STOCK MARKET ..
As reported at CNS News, a record 156,795,000 individuals are employed in USA, 13th Record-Breaker Under President Trump. America, don’t get confused and think the DOW is the economy, it is not. In fact, the FED has been adversely affecting the stock markets with their continuous threats of increasing interest rates. This never happened under Obama, in fact at one point there was almost negative interest in the US to prop up the Obama economy. The better the economy, JOBS, the more likely the Federal Reserves would increase interest rates and slow down growth and adversely affect the stock markets. Make no mistake about it, we are in a record breaking economy in the United States, the lies that has not been seen in 50 years. Too bad the liberal MSM would not accurately report on it.
The November employment report, released today by the Bureau of Labor Statistics, shows the economy added 150,000 jobs, well below the (revised) 237,000 added last month.
But the unemployment rate held steady at 3.7 percent for the third month in a row; and the number of employed Americans once again reached an all-time high of 156,795,000, the 13th record since Donald Trump became president.
Wages continued rising as well: In November, average hourly earnings for all employees on private nonfarm payrolls rose by 6 cents to $27.35. Over the year, average hourly earnings have increased by 81 cents, or 3.1 percent.
Among the major worker groups, the unemployment rates for adult men (3.3 percent), adult women (3.4 percent), teenagers (12.0 percent), Whites (3.4 percent), Blacks (5.9 percent), Asians (2.7 percent), and Hispanics (4.5 percent) showed little or no change in November.
The 5.9 percent unemployment rate for blacks matches the record low set in May. The November unemployment rate for Hispanics is just a tenth of a point higher than the record low of 4.4 percent.
On the negative side, the labor force participation rate remained stubbornly high.
In November, the nation’s civilian noninstitutionalized population, consisting of all people age 16 or older who were not in the military or an institution, reached 258,708,00. Of those, 162,770,000 participated in the labor force by either holding a job or actively seeking one.
Rasmussen Poll: Daily Presidential Tracking Poll Friday 11/2 … Donald Trump at 51% … Jobs, Jobs, Jobs and Country Headed in Right Direction
PRESIDENT TRUMP AT 51% …
According to the most recent Rasmussen daily tracking poll, President Donald Trump is peaking just at the right time ahead of the 2018 midterm elections. Even though he is not on the ballot, what he has done in his first two years in office has been nothing short of miraculous and unrepresented. Especially with regards to the U.S. economy. The October jobs number of 250,000 jobs created may just be a game changer for this Tuesday. Coupled with increased wages, historic all-time low Hispanic unemployment, the Labor Force Participation at 66.2%, up from 66.0% in September, a record number of individuals participating in Labor Force at 28,500,000 and the United States added 32,000 new manufacturing jobs in October, more than 1,000 every day, including holidays and weekends.
The Rasmussen Reports daily Presidential Tracking Poll for Friday shows that 51% of Likely U.S. Voters approve of President Trump’s job performance. Forty-seven percent (47%) disapprove.
The latest figures include 37% who Strongly Approve of the president is performing and 40% who Strongly Disapprove. This gives him a Presidential Approval Index rating of -3. (See trends)
Also, the polls are trending toward Trump and the amazing job he has done with the economy.
The latest Rasmussen Reports national telephone and online survey finds that 51% of Likely U.S. Voters give the president good or excellent marks for his handling of the economy. Thirty-three percent (33%) still rate his performance in this area as poor. (To see survey question wording, click here.)
The latest Rasmussen Reports national telephone and online survey finds that 30% of Likely U.S. Voters view Trump as the most important issue to their vote in the upcoming elections. The economy is most important for 22%, followed by 15% who rank illegal immigration that way and 14% who say the same of Obamacare.
43% Say U.S. Heading in Right Direction … This is an amazing number compared to the past, especially during the Obama years where it was in the mid to upper 20′s.
For the fourth week in a row, 43% of Likely U.S. Voters think the country is heading in the right direction, this time according to a new Rasmussen Reports national telephone and online survey for the week ending October 25.
This finding has been running in the 40s for most weeks this year after being in the mid- to upper 20s for much of 2016, President Obama’s last full year in office.
BOOM!!! 250,000 JOBS in OCTOBER, Far better than Expectations!!! 3% Wage Gain, FIRST TIME Since Recession!!! LOWEST Unemployment for Hispanics in History!!!
AMERICA … PRESIDENT TRUMP AND GOP CONGRESS MAKING AMERICA GREAT AGAIN!!!
Just ahead of the 2018 midterm elections we are presented with tremendous jobs news … 250,000 jobs were created in October and there was a 3% wage gain, the first time since the recession. The 250,000 jobs created smashed the 190,000 expectation. Over the past 12 months, job gains have averaged a solid 211,000. In a time where many economists have said we are fully employed, Trump and the GOP are creating even more jobs. From CNS News, 156,562,000: Record Employment for 12th Time Under Trump!!!
The unemployment rate held at 3.7 percent, the same as September, which is the lowest it’s been in decades — since the end of 1969. And the Hispanic unemployment rate, 4.4 percent, has never been lower. The unemployment rate for African-Americans, 6.2 percent, remained near the all-time low of 5.9 percent set in May.
AMERICA, WHY WOULD YOU RUIN A GOOD THING AND CHANGE THIS? WHY WOULD YOU PUT DEMOCRATS IN POWER? CAN YOU NOT STAND PROSPERITY?
- Nonfarm payrolls increased by 250,000 for October, well ahead of Refinitiv estimates of 190,000.
- Average hourly earnings increased by 5 cents an hour for the month and 83 cents year-over-year, representing a 3.1 percent gain, the best pace since 2009.
- The unemployment rate stayed at 3.7 percent, the lowest since December 1969.
Job growth blew past expectations in October and year-over-year wage gains jumped past 3 percent for the first time since the Great Recession, the Labor Department reported Friday.
Nonfarm payrolls powered up by 250,000 for the month, well ahead of Refinitiv estimates of 190,000. The unemployment rate stayed at 3.7 percent, the lowest since December 1969.
“The job market is doing remarkably well, particularly this late in the expansion,” said Jim Baird, partner and chief investment officer for Plante Moran Financial Advisors. “This report adds yet another data point to a narrative that has been positive for the labor market this year. Little seems to stand in the way of the economy finishing 2018 out on solid footing.”
The ranks of the employed rose to a fresh record 156.6 million and the employment-to-population ratio increased to 60.6 percent, the highest level since December 2008, according to the department’s household survey. That headline jobless number stayed level even amid a two-tenths of a percentage point rise in the labor force participation rate to 62.9 percent.
Those counted as outside the labor force tumbled by 487,000 to 95.9 million.
But the bigger story may be wage growth, which has been the missing piece of the economic recovery. Average hourly earnings increased by 5 cents an hour for the month and 83 cents year over year, representing a 3.1 percent gain. The annual increase in wages was the best since 2009.
Health care showed some of the biggest gains for the month, adding 36,000. Manufacturing contributed 32,000, thanks to a gain in durable goods and in particular transportation equipment, which added 10,000.
Construction also rose sharply, with an increase of 30,000 while transportation and warehousing jumped by 42,000.
In addition, leisure and hospitality was a strong contributor, with 42,000 new positions after being unchanged in September, due likely to Hurricane Florence, the government report said.
Professional and business services increased by 35,000, bringing its 12-month total gain to 516,000, and mining added 5,000.
TRUMP ECONOMY KEEPS ROARING …
As reported at CNBC, the U.S. economy grew at a faster-than-expected rate in the third quarter as inflation was kept in check and consumer spending surged, according to data released by the Commerce Department on Friday. The GDP rose to 3.5%, better than what economists had expected.
- Gross domestic product expanded by a 3.5 percent annual rate. Economists polled by Dow Jones expected the economy to expand by a 3.4 percent annual rate.
- The department said the PCE price index, a key measure of inflation, increased by 1.6 percent last quarter, much less than the 2.2 percent increase expected by economists polled by StreetAccount.
- Consumer spending, which accounts for more than two thirds of U.S. economic activity, grew by 4 percent in the third quarter, the strongest since the fourth quarter of 2014.