The day’s final numbers are shown on a monitor on the floor of the New York Stock Exchange (NYSE), Jan. 4, in New York City. The Dow closed above 25,000 for the first time ever, Jan. 4. (Drew Angerer\/Getty Images)<\/p>\n
With the Dow Jones industrial index crossing the 25,000 mark for the first time, President Donald Trump has said \u2018Make America Great Again\u2019 was happening at a faster pace than anyone thought possible, writes Lalit K. Jha<\/strong><\/p>\n The Dow Jones industrial average, on Jan. 4, closed over 25,000 for the first time and covered the fastest 1,000-point move in its history, following the release of stronger-than- expected jobs data.<\/p>\n The other two indexes also made substantial progress. The S&P 500 advanced 10 points to 2,723 and Nasdaq Composite was up 12 points at 7,077.<\/p>\n \u201cWhen the dreams of the American people are unleashed, there is nothing\u2014absolutely nothing\u2014we can\u2019t achieve. We are going to make America great again, and it\u2019s happening a lot faster than anyone thought possible,\u201d he said in a video message played during the daily White House news conference.<\/p>\n Trump said that the historic tax cut he signed into law two weeks ago, before Christmas, is already delivering major economic gains.<\/p>\n \u201cHundreds of thousands of Americans are seeing larger paychecks, bigger bonuses, and higher pension contribution, and it\u2019s all because of the tax cuts and the tax reform,\u201d he said.<\/p>\n Workers at AT&T, Bank of America, Comcast, Southwest Airlines, American Airlines, and many other companies were receiving bonuses of $1,000 or more.<\/p>\n In his message, President Trump said that Aflac and others are investing more in employees\u2019 401(k)s. CVS announced it will hire 3,000 new workers. Boeing is investing hundreds of millions of dollars in employee training and infrastructure.<\/p>\n Aflac provides supplemental insurance for individuals and groups to help pay benefits that major medical insurance does not cover.<\/p>\n A 401(k) is a retirement savings plan sponsored by an employer which allows workers save and invest a piece of their paycheck before taxes are taken out. Taxes are not paid until the money is withdrawn from the account.<\/p>\n \u201cMore than 60 companies have announced they are raising wages, including many that have voluntarily raised their minimum wage to $15 per hour\u2014and I mean they did that voluntarily, which many politicians said could only be achieved by government mandate,\u201d he said.<\/p>\n Trump also said that investing in American worker is the most important investment a business will ever make.<\/p>\n \u201cI want to thank all of these companies for putting their tax savings to the best possible use by creating more jobs and higher wages for the American family. These great results are just the beginning,\u201d he said.<\/p>\n White House Press Secretary Sarah Sanders told reporters that the Dow Jones Industrial Average broke through 25,000 for the first time ever and it was the result of the President\u2019s economic agenda of lower taxes, less regulation and more opportunity for all which is paying off, and American families and workers are the big winners.<\/p>\n According to Fox Business<\/em>, Dow Jones Industrial Average has crossed six 1,000-point milestones since Trump\u2019s election on November 8, 2016.<\/p>\n Another publication, on Jan. 5, said rising stock prices have been powered by a global economic recovery and optimism that the Republican tax-cut bill will provide a fresh boost for the U.S. growth and help American companies make more money.<\/p>\n \u201cWe should not be surprised that markets continue to move higher because fundamentals continue to be positive and investor optimism is actually improving rather than investors becoming more cautious,\u201d Kate Warne, an investment strategist at retail brokerage Edward Jon was quoted as saying by The Wall Street Journal.<\/em><\/p>\n A confident Trump also said that he has now set a new target of 30,000 mark.<\/p>\n \u201cWe broke a very, very big barrier — 25,000. And there were those who\u2019d say we wouldn\u2019t break 25,000 by the end of the eighth year, and we are in the eleventh month. We broke 25,000 just as we came in now,\u201d Trump told reporters at the top of his meeting with Republican Senators on immigration.<\/p>\n","protected":false},"excerpt":{"rendered":" The day’s final numbers are shown on a monitor on the floor of the New York Stock Exchange (NYSE), Jan. 4, in New York City. The Dow closed above 25,000 for the first time ever, Jan. 4. (Drew Angerer\/Getty Images) With the Dow Jones industrial index crossing the 25,000 mark for the first time, President…<\/p>\n
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