"Stocks rose Wednesday as traders breathed “a sigh of relief,” Art Cashin, director of floor operations at the New York Stock Exchange for UBS, said on CNBC’s “Squawk Alley.”
“Now, as the president has to some degree defused some of the anxiety, so you’re getting … a little bit of a sigh of relief rally here,” Cashin said.
The Dow Jones Industrial Average had gained roughly 200 points for the day in the aftermath of Trump’s address.
Moreover, the Nasdaq Composite rose more than 0.7 percent, hitting an all-time high, according to CNBC. The Standard & Poor’s 500 also advanced roughly 0.7 percent, hitting a record high as well."
Once again, I blame Trump.
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