http://money.cnn.com/2017/03/01/investing/dow-21000-trump-speech/index.htmlWall Street is giving President Trump's first speech to Congress a standing ovation.The Dow soared 300 points and zoomed beyond the 21,000 level for the first time ever on Wednesday. The milestone comes barely a month after the Dow hit 20,000 for the first time.
Trump's primetime address to Congress received high marks from viewers, and has clearly left Wall Street in good spirits, too. The Dow is on track for its best day since November 7, the day before the election.
It's not that the speech gave investors the policy details they were seeking. If anything, Trump gave fewer specifics on major issues like tax reform, Obamacare and deregulation than many expected.
The key for Wall Street is the tone of Trump's speech: he sounded a lot more optimistic and presidential than in previous speeches.
"The speech didn't break any new ground, but it was much more orderly and methodical than we are used to hearing," said Nicholas Colas, chief market strategist at brokerage firm ConvergEx.
"It was a solid speech from the perspective of putting Trump on a truly presidential footing," Colas said.
For instance, Trump asked members of Congress to "join me in dreaming big, and bold and daring things for our country."
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That's a welcome shift given the turbulent start to Trump's term that has mired the administration in controversy.
Chris Krueger, a Cowen & Co. analyst, summed the speech up this way: "Bigly delivery, more optimism, less detail."
All told, the Dow has now skyrocketed 2,700 points since Trump's victory in November.