Stocks zoomed higher again today, starting in Asia, where all the major exchanges were up. In Europe, the STOXX 600 was up modestly – plus 0.16%. The Global Dow Index gained a more impressive 0.91%, indicative of strength in Asia and North America – where South American and Canadian share prices were strongly higher, along with US stock prices.
The big feature was – not all that clear. Trump’s claim yesterday to soon announce a major and “phenomenal” tax change got more traction today, for whatever reason. And the President apparently had a good talk with Japan’s Prime Minister, Abe. But the main reason for the day’s big jump, once again into all-time record territory across the board, was probably just that investors wanted to own more stocks. At the close, the Industrials were up 97 points, to 20,270; the NASDAQ gained 19 points, and the S&P 500 rose 8 points, ... Log in or subscribe to continue reading.