AMD
Advanced Micro Devices, Inc.
12.37
0.24%
12.37
0.24%
6.24 15.65
52 weeks
52 weeks

Mkt Cap 11.69B

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S&P 500 tops $20 trillion as Wall Street trades on Trump

U.S. equity indexes hit record highs on Monday, with the benchmark S&P 500's market value topping $20 trillion as investors bet tax cuts promised by President Donald Trump would boost the economy.

Trump vowed last Thursday to make a major tax announcement over the next few weeks, adding fuel to a rally that had stalled amid worries about the potential impact of his protectionist trade stance and a lack of clarity about other policy reforms.

The S&P 500 has surged about 9 percent since Trump's Nov. 8 election, boosted by expectations he would lower corporate taxes, ease regulations governing banks and increase infrastructure spending.

Trump has also held high-profile meetings with senior executives from automakers and Silicon Valley technology companies.

"Day after day, corporate executives from a variety of industries are being brought to the White House to consult with the president. Business does seem to be...


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  • 116 116 correctly predicted forecasts
    Max Grigoryev
    This is a good sign to tech companies for sure
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