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Re: swingforthe fence post# 31239

Wednesday, 03/01/2017 1:54:45 PM

Wednesday, March 01, 2017 1:54:45 PM

Post# of 46663
Stocks are exploding higher today, with the Dow Jones Industrial Average (DJIA) breaking through the 21,000 level to hit fresh record highs. Should the Dow stay north of 21,000 through the close, it would match the quickest pace the benchmark has ever moved from one 1,000-point marker to the next, set in 1999. Wall Street continues to applaud President Donald Trump's speech to Congress last night, where he again promised major policy changes, including tax reform and a huge spike in infrastructure spending. As such, 28 of 30 Dow stocks were in the green at last check, led by a rally in bank shares, while the Nasdaq Composite (COMP) and S&P 500 Index (SPX) are hitting new highs of their own -- even as talk of a March interest rate hike from the Fed picks up following this morning's inflation data