2/4, 4:58 PM (Source: TeleTrader)
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Trump praises stock market rally

United States President Donald Trump took to Twitter to praise the stock market performance as major indexes rallied over 1% to erase all losses suffered last week as a result of coronavirus concerns.

"Market up big today on very good economic news. JOBS, JOBS, JOBS!" Trump wrote.

The Dow Jones soared over 450 points at session highs as investors digested better-than-expected factory orders data and awaited earnings reports from Walt Disney and Ford. Meanwhile, White House economic adviser Larry Kudlow claimed that the outbreak of the coronavirus will not have a significant impact on the US economy.

Breaking the News / NP