OPTIMISM about the business-friendly
policies of Donald Trump has boosted US stocks to record highs, but
experts warn there could be a “nasty pullback” on the way.
The Dow Jones Industrial Average, which tracks 30 major industrial companies, soared past 20,000 points for the first time ever on Wednesday, largely off the back of Goldman Sachs, Boeing and IBM.The stock market rally since Trump pulled off his shock election win in November has defied economists’ pre-election predictions of five, 10 or even 15 per cent falls in US and global markets.
http://www.news.com.au/finance/markets/world-markets/trump-rally-dow-jones-holds-above-record-20000-but-experts-warn-of-nasty-pullback/news-story/7dc5db0f13eacd856a8247f237180b25
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