Trump says US economy ‘BOOMING’, predicts stock market will set another record
Trump is scheduled to address the audience at noon, and is expected to talk about the ongoing tariff dispute between Washington and Beijing, while the two powers are still in talks over the partial trade agreement. Some reports earlier said that the president may postpone levies on EU automobile imports for six months.Also on rt.com BIG MOMMA? ‘Mother of all bubbles’ could blow up economy in next 2 years – strategist
The potential easing of US tariffs has been one of the main reasons for the market rally. US stock indices were pointing slightly higher on Tuesday after the president’s tweets.
Economy is BOOMING. Seems set to have yet another record day!— Donald J. Trump (@realDonaldTrump) November 12, 2019
If Trump gets it right, the Dow Jones Industrial Average may score its 10th record high this year, after it closed slightly higher on Monday thanks to rising Boeing shares. However, the rest of the stock market closed lower with the S&P 500 down 0.2 percent and the Nasdaq Composite falling 0.13 percent, amid trade war uncertainties.
Earlier this month, the S&P 500 and the Nasdaq closed at all-time highs. The S&P reached 3,093 points, while the Nasdaq closed at 8,475 points when markets closed on Friday.
For more stories on economy & finance visit RT's business section