“Wall Street is giving President Trump’s first speech to Congress a standing ovation,” Matt Egan reports for CNN. “The Dow soared 300 points and zoomed beyond the 21,000 level for the first time ever on Wednesday. The milestone comes barely a month after the Dow hit 20,000 for the first time.”

“Trump’s primetime address to Congress received high marks from viewers, and has clearly left Wall Street in good spirits, too,” Egan reports. “Nicholas Colas, chief market strategist at brokerage firm ConvergEx [said], ‘It was a solid speech from the perspective of putting Trump on a truly presidential footing.’ For instance, Trump asked members of Congress to ‘join me in dreaming big, and bold and daring things for our country.'”

“All told, the Dow has now skyrocketed 2,700 points since Trump’s victory in November,” Egan reports. “If the Dow closes above 21,000 on Wednesday, it would be just 24 trading days since the 20,000 milestone.”

Read more in the full article here.

MacDailyNews Take: Shares of Apple Inc. (AAPL) are currently up $3.01, or 2.20%, to $140.00. Earlier, Apple shares hit a new all-time intraday high of $140.08.

SEE ALSO:
Apple stock hovers near all-time high; gets two price target increases – February 28, 2017
President Trump promises big league corporate tax cuts coming in 2-3 weeks – February 9, 2017
Dow hits record milestone of 20,000 on high hopes for Trump administration – January 25, 2017
International Monetary Fund boosts growth forecast for US, citing President-elect Donald Trump’s policies – January 17, 2017
Boosted by Trump rally and Apple, Wall Street parties like it’s 19,999 – January 6, 2017
Wall Street indexes hit record highs as Trump rally continues – December 8, 2016