Donald Trump’s White House administration may fuel the S&P 500’s rally to 7,000 by the end of next year, as the apparently jubilant U.S. stock market runs the risk of a melt up, according to Yardeni Research.
The number of Americans who applied for unemployment benefits in the week before the Thanksgiving holiday dipped to a seven-month low in a sign of strength for a steadily expanding U.S. economy.