Poll: Trump 53% Approval… Investors Bet Stock Rally Far From Over…
The Rasmussen Reports daily Presidential Tracking Poll for Friday shows that 53% of Likely U.S. Voters approve of President Trump’s job performance. Forty-seven percent (47%) disapprove.
The latest figures include 37% who Strongly Approve of the way Trump is performing and 36% who Strongly Disapprove. This gives him a Presidential Approval Index rating of +1. (see trends).
Investors bet Trump-fueled tech rally far from over
Technology companies have been a driving force behind the U.S. stock market’s recent record rally, and despite mounting evidence of stretched valuations the sector remains a top pick for investors expecting a wave of capital expenditures by U.S. corporations.
Corporate tax cuts and reduced regulations planned by President Donald Trump will give companies reason to spend more on cloud computing, factory automation and smart connectivity that will directly benefit Silicon Valley, many on Wall Street believe.
“The tax cuts are going to promote business investment across all industries, and the business investment is largely going to be in technology,” said Doug Cote, chief market strategist at Voya Investment Management in New York.