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Breaking: Dow Closes Out Its Best June in 80 Years

The Dow Jones Industrial Average closed up more than 73 points Friday, putting a close to a successful June the likes of which had not been seen since prior to World War II.

The Dow closed at just under 26,600, according to CNBC.

While Friday’s individual gains were moderate, it was a historic month overall for the Dow.

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As CNBC noted: The Dow “rallied 7% this month, notching its best June performance since 1938, when it surged 24.3%.”

The Dow wasn’t the only index that did well this month.

Do you think President Trump deserves credit for the strong stock market?

The S&P 500 was up roughly 6.2 percent this month, making it the index’s best June showing since 1955, according to Fox Business.

Overall, the S&P “posted its best first half of a year since 1997, soaring 17% and reaching an all-time high,” according to CNBC.

So what’s behind the market’s recent gains?

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“Drivers [of the rally] would be a change in the perceived trajectory for monetary policy, coupled with a bit of optimism in renewed negotiations with China,” Stephen Guilfoyle, president of the trading firm Sarge986 LLC, told Fox Business.

At least one pundit gave the credit to President Donald Trump.

“Donald Trump’s June,” Turning Point USA’s Charlie Kirk wrote before the market closed.

“What have Democrats accomplished this month?” he asked.

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Joe Setyon is a deputy managing editor for The Western Journal who has spent his entire professional career in editing and reporting. He previously worked in Washington, D.C., as an assistant editor/reporter for Reason magazine.
Joe Setyon is deputy managing editor for The Western Journal with several years of copy editing and reporting experience. He graduated with a degree in communication studies from Grove City College, where he served as managing editor of the student-run newspaper. Joe previously worked as an assistant editor/reporter for Reason magazine, a libertarian publication in Washington, D.C., where he covered politics and wrote about government waste and abuse.
Birthplace
Brooklyn, New York
Topics of Expertise
Sports, Politics




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