Why U.S. stocks are at all-time highs as the Iran sanctions continue
Stock prices across the globe are soaring thanks to a string of new regulations on the global financial system.
And yet, the U.K. stock market is still at all time highs.
While stocks have risen around the world, this week has been the first time that the U!
market has risen in a year, according to data from TheStreet.
The S&P 500 index has gained 7.8% since the start of the year, the Nasdaq composite index has risen 8.4%, the Dow Jones industrial average has gained 21.2% and the Russell 2000 index is up 20.3%.
The U.k. stock markets are also the highest since the recession began in 2009.
Even before the sanctions were imposed, U.N. sanctions were expected to weigh on the U S. economy.
The economic fallout from the sanctions has already hit U. S. companies.
In the first two weeks of January, the Dow fell 14.6%.
The Nasdaq lost 8.9%.
And yet, this is all happening amid a global economic crisis, with the world economy shrinking, the debt levels are skyrocketing and U.s. growth still slowing.
In a speech last week, Treasury Secretary Jacob Lew said the U !s response to the sanctions is likely to be more than just a “snapshot” and that he’s looking to Congress to do something about it.
“The U!s response has to be a long-term plan, something we can be proud of, something that’s going to take a long time to work out,” Lew said, according the AP.
“But we can’t wait forever.
So we need to act.”
The U !
s stock market rose 7.7% in the first half of the first quarter, but that was the biggest percentage gain since June 2009.
U. s stock markets have jumped almost 16% since President Donald Trump took office.
After a slow start to 2017, stocks have surged.
stocks rose 1.5% in January, and stocks have rallied more than 5% each in the past two weeks.
So far this year, stocks are up more than 25% in value compared to a year ago, according Bloomberg.
The S&s stock market has gained an astounding 14% in one year.
Since the election of President Donald J. Trump, the stock market had lost more than 3% a month.
Trump has pledged to “do something about” the economic damage caused by the sanctions, which are due to expire in the spring.
But Lew said that he hopes the administration will work to extend them.
Still, the White House said it is looking to lawmakers to enact new measures to ease the sanctions.
But even if the sanctions are extended, the market is likely headed for a “major correction” this year.