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Stock market steadies as Trump gets down to business

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Stock market steadies as Trump gets down to business

Stock market steadies as Trump gets down to business*/

– When Donald Trump took the presidential oath Friday, the stock market was trading modestly higher with the Dow Jones industrial average up 97 points.Prices then moved in choppy fashion as traders kept glancing at televised views of Trump’s inauguration in Washington.“It certainly was an all-eyes-on event,” said Art Hogan, chief market strategist at Wunderlich Securities.
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‘Godfather’ of chart analysis says Trump stock market has another 5% surge in it

‘Godfather’ of chart analysis says Trump stock market has another 5% surge in it*/

– Prominent market technician Ralph Acampora thinks the stock market has more room to run over the near term, despite a trend that has seen the Dow steadily walk back from the psychologically significant level of 20,000.Acampora told MarketWatch on Monday that the Dow Jones Industrial Average and the S&P 500 index still have another 5% rise in them over the next several months.That would take the Dow DJIA, -0.27% to around 20,750, handily breaching 20,000, from its current level of about 19,790, while the S&P 500 SPX, -0.41% would hit around 2,370 from 2,260.
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The stock market is booming, but Trump can’t take all the credit

The stock market is booming, but Trump can't take all the credit*/

– Stock markets have been on the rise since Donald Trump’s electoral victory in November, but many Wall Street experts say the president-elect can’t take all the credit.While it’s true that expectations for many of his proposed policies have accelerated the markets’ tear, the economy was in good shape way before the election, and it’s up for debate how much of an effect Trump’s election actually had.The market has been on the rise since shortly after President Obama took office in 2009 – the year after stocks lost nearly 40% amid the financial crisis of 2007-2008.
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Stock market slumps as Trump uncertainty rattles investors

Stock market slumps as Trump uncertainty rattles investors*/

– U.S. stocks traded lower early Monday amid uncertainty over the policies of President Donald Trump as well as a mixed batch of corporate quarterly results.A swath of S&P 500 components, 34, are scheduled to report results this week, including a few Dow components.Of the 54 companies that have reported so far, 74% are beating earnings estimates by a median of 5%, according to Fundstrat.
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