Stocks Soar to All-Time High the Day After Trump's Impeachment
Record number only a day after President's impeachment
The Dow Jones Industrial Average soared to an all-time high on Thursday, notching a record number only a day after President Donald Trump was impeached by the House of Representatives.
Following suit was the tech-heavy Nasdaq composite, climbing to its highest ever, as traders reported "panic-like buying."
The predicted passage of the United States-Mexico-Canada trade agreement Friday, which will replace NAFTA and the International Trade Commission estimated could boost U.S. gross domestic product by $68 billion, could be behind the bullish sentiments across U.S. markets.
Thursday's Dow was led by solid performances from Cisco, Intel, and Walgreens.
Apple moved higher after news of a new partnership with Amazon and Google was announced Wednesday.
Apple moved up after the announced partnership with Amazon and Google was announced Wednesday.
Investors appear unfazed by Trump's impeachment, only the third in U.S. history.
As Trump continues to work through a trade deal with China, markets have rallied after sustained job gains in the past several months.
Elon Musk's Tesla, which struggled over the past year, hit a record $406 per share — only 14 dollars short of his tweeted 2018 promise to take the company private at $420 that landed him in hot water with the SEC.
The strong performance of U.S. markets has often been featured by Trump on the campaign trail.
Joel Pollack “Senate Can Acquit Even If House Withholds Articles of Impeachment”— Neon Nettle (@NeonNettle) December 19, 2019
READ MORE: https://t.co/bt7HSg843T
VIDEO: Al Green Uses Viral, Misleading “Crying Girl” Photo to Argue for Impeachment— Neon Nettle (@NeonNettle) December 19, 2019
READ MORE: https://t.co/GStusAtdii
Meanwhile, Trump raised over $5 million for re-election in 2020 on the same day that Democrats voted in favor of his impeachment, according to the president's campaign team.
On Wednesday, while House Democrats were pushing their partisan campaign to impeach their president, donations flooded in from Trump's supporters.
Following the vote, Trump’s campaign manager Brad Parscale wrote in a tweet that the staggering $5m was taken in a single day.
President Donald Trump “has raised over 5M dollars (still growing) today as Americans use their wallet to show support against @SpeakerPelosi’s impeachment hoax!” Parscale said on Wednesday night.