We're thankful for: Good markets

We’re thankful for: Good markets

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BUSINESS RECORD STAFF | Nov 23, 2016 | 7:36 pm |

1 min read time

We all have a lot for which to be thankful. Because we're a business journal, we thought we'd send you off to Thanksgiving with a wrap-up of some good economic news.

We all have a lot for which to be thankful. Because we’re a business journal, we thought we’d send you off to Thanksgiving with a wrap-up of some good economic news:

After the Dow Jones industrial average finished over 19,000 for the first time Tuesday, some are predicting 20,000 won’t be far behind.

The U.S. markets began the year with the worst five-day stretch ever as concern over China’s economy continued. But the Dow is up 9.2 percent for the year, and the S&P 500 has risen 7.8 percent.

Election night jitters that sent futures into a dive turned to a decent gain when it became clear that Donald Trump had sealed a victory. The Wall Street Journal reported that since Election Day, the Dow was up 3.4 percent through Monday’s close, while the S&P 500 was up 2.7 percent.

The Business Record’s Iowa Index, an unweighted average price of 23 Iowa-based public companies, was up even higher than the Dow through Friday, at 9.9 percent year-to-date.