Monday, 23 January 2017

Wall Street ends higher as Trump becomes President


US stocks closed higher on Friday in a modest but broad-based advance as Donald Trump was sworn in as US President, marking the first time in more than 50 years that a new commander-in-chief has been welcomed by a rising equity market on his first day in office. In his speech, Trump said US policy will be to buy American and hire American, reiterating what he had said many times during this campaign for the White House. Some investors said the comments reinforced concerns about potential protectionist trade policies. Indexes pared gains during his speech and ended off the highest levels of the day.

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