The Dow soared 303 points to close above 21,000 for the first time ever on Wednesday, the day after President Donald Trump's address to Congress.
It's not that the speech gave investors the policy details they were seeking. If anything, Trump gave fewer specifics on major issues like tax reform, Obamacare and deregulation than many expected. The key for Wall Street was the tone of Trump's speech: He sounded a lot more optimistic and presidential than in previous speeches.
"The speech didn't break any new ground, but it was much more orderly and methodical than we are used to hearing," said Nicholas Colas, chief market strategist at brokerage firm ConvergEx.
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