Investing.com - The major market indexes on Wall Street soared higher today, but the magical 20,000 close for the Dow remains elusive for investors.
The Dow was up 0.96% to 19885.73 on Friday. TheNASDAQ Composite was up 0.45% to 5574.12, a record high. The S&P 500 increased by 0.20% to 2274.64, also a record close for the index.
Positive news flowing from Trump Tower and Washington D.C. provided momentum for the market.
Republicans on Capitol Hill today, right before the market closed, started the process to repeal the infamous "Obamacare" health care financing program. Not one single Democrat voted for the measure today.
"The Unaffordable Care Act will soon be history," said President-elect Trump in a social media posting on Twitter this afternoon.
A leading Republican Congressman echoed Trump's sentiments.
"If you eliminate Obamacare's mandates, and give freedom for entrepreneurs to innovate, by the end of the year, you will be able to buy new policies that have what you want in it," said Rep. Louie Gomhert (R-Texas), a former Army lawyer and former military and state court judge, in a TV interview. "The elderly won't have to buy maternity care."
In other market-related news, executives at the maker of the F-35 fighter jet, Lockheed Martin Corporation (NYSE:LMT), met with President-elect Trump at Trump Tower today in New York City. "We are close to a deal," said Lockheed Martin CEO Marillyn Hewson, speaking to Trump's demand to lower the price of the fighter plane. "We're also going to increase our jobs in Fort Worth and across the supply chain in 45 states."
Labor leader Richard Trumka met with Trump today at Trump Tower, separately, as part of the President-elect's outreach to union officials, who could be helpful in his pro-growth, job-generation agenda.