President Trump is celebrating this morning as the Dow Jones Industrial Average hit a record-breaking 25,000 points. Additionally, it could hit another milestone throughout the day on Thursday.
According to Fox Business, this record comes only 23 days since the Dow hit 24,000. If it goes up just a little bit more over 25,000 points today, it will be the shortest amount of time between 1,000 points ever.
Since the Trump administration stepped into the White House, the Dow has continued to skyrocket. The average has hit six 1,000-point milestones throughout President Trump's presidency.
As of Thursday, Fox Business reported that the Dow could hit its second record close in a row, as well as its 90th total since the presidential election.
Steve Claussen, the Vice President of Trader Strategy at E*Trade, said, "The Dow hitting 25K is symbolically important, but the real story is never just a number- it's the underlying strength that is pushing markets this high."
Claussen continued, talking about the future of the Dow in 2018.
He said, "It's worth noting, though, that in the few days of trading in 2018, the Dow is lagging behind tech and the S&P. So there's a lot of attention on the Dow, but it certainly doesn't paint the whole picture. 2018 is off to a great start, though, and strong holiday sales from retailers are bolstering the belief that consumers are opening up their wallets and spending. Pair that with the strong gains in non-farm payrolls from today's ADP and tax reform and you've got an effective one-two punch for the bulls."
Claussen was referring to the December non-farm payrolls that ADP released on Thursday morning. According to the report, the U.S. economy added an impressive 250,000 jobs. This is 60,000 more jobs than the analysts were anticipating.
What do you think about this? Do you think that the stock index will continue to rise? Let us know your thoughts and congrats to the Trump administration for this huge victory! In other recent news, TODAY is receiving backlash after new details emerged about Matt Lauer's replacement.