New York Stocks Rise Despite Trump’s Impeachment
New York stocks gained despite news of US President Donald Trump’s impeachment.
The Standard & Poor’s 500 Index crossed the 3200 mark for the first time.
On the 19th, the Dow Jones Industrial Average closed at 278376.96 on the New York Stock Exchange (NYSE), up 137.68 points (0.49%) from the day before.
The S & P 500 index climbed 14.23 points (0.45%) to 3205.37, up from the battlefield, while Nasdaq, a tech stock center, finished at 8887.22, up 59.48 points (0.67%).
All three majors have turned their all-time highs.
The US House of Representatives passed Trump impeachment prosecutors the day before. There is no significant impact on the financial market.
Investors are paying attention to issues such as economic indicators and US-China trade agreements rather than impeachment.
The number of weekly unemployment insurance claimants announced on the day decreased. The US Department of Labor announced last week that unemployment insurance claimants were 234,000 (seasonal adjustments), down 18,000 fewer than last week.
The US-China trade agreement has been positive since the conclusion of Phase 1.
US Treasury Secretary Stephen Mannusin said of the trade agreement with China that “the document will be published and signed in early January.”
Former President Clinton also passed an impeachment bill in the House, but failed to pass the Senate. At that time, the stock price rose significantly. It is an analysis that the situation at that time is similar to the present.