One day after President Trump announced that the U.S. was withdrawing from the Paris Climate accord, U.S. stocks hit record highs.
The Dow, S&P 500 and the Nasdaq all hit both intraday and closing records.
There has been some expectation that the markets might react negatively to the jobs report, but the positive news about the U.S. withdrawing from the climate agreement overcame any worries about the jobs report.
The markets actually began moving higher on Thursday after the announcement was made.
Wall Street hits record highs after Trump pulls out of Climate pact https://t.co/PDmwj13Lus
— FOX & friends (@foxandfriends) June 2, 2017
Of course, the liberal press refused to acknowledge any connection. For example, The Washington Post ran had this headline today; Trump appears to think that 30 minutes of stock trades proves him right on Paris.
However, it’s not hard to imagine that if the stock market had fallen after the announcement, The Washington Post would have run a headline claiming that the markets dropped because of Trump’s announcement.