President Trump hails new record highs on Wall St.
UPDATED 7:23 AM PT – Wednesday, December 9, 2020
President Trump hailed new record highs on Wall Street amid the latest development of COVID-19 treatments. He took to Twitter on Tuesday to highlight the new all-time highs.
NASDAQ and S&P close at all-time highs. Congratulations!
— Donald J. Trump (@realDonaldTrump) December 8, 2020
U.S. stocks were driven by gains in the health care sector after the President’s summit on Operation Warp Speed, where he delivered positive news on coronavirus vaccines.
The Trump administration invested billions of dollars into the development of Pfizer and Moderna vaccines with plans to begin distributing this month.
President Trump said he remains optimistic going forward.
“Whichever the next administration is will really benefit by what we’ve been able to do with this. incredible science, the doctors, all the incredible people…the work that has been is incredible.
Many investors are crediting President Trump for these latest gains on Wall Street, saying the S&P 500 Index is likely to set new records in coming days.
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