Investing.com - Four major market indexes on Wall Street soared today, powered primarily by yesterday's remarks by Fed Chairwoman Janet Yellen on the central bank's interest rate strategy for 2017. But President-elect Donald Trump is also claiming credit for the rally.
The Dow Jones Industrial Average closed higher, at 19852.24, an increase of 0.30%.
The NASDAQ composite also closed up, at 5456.85, an increase of 0.37%.
The S&P 500, and the Russell 2000 also reported gains.
Meeting with technology company presidents and other executives from Silicon Valley yesterday, Trump, however, took credit for the ongoing rally, which started after his election last month.
"I'm here to help you folks do well," said Trump, in the meeting at Trump Tower, in Manhattan, the mogul's office during his real estate developer years, and now his transition team headquarters. "And you're doing well now."
Added Trump, "I'm very honored by the bounce. They're all talking about the bounce. So now everyone in the room has to like me a little bit."
Trump's team also made news today that may have moved the market a bit, adding two new appointments to his National Security Council staff at The White House, including former aide to President Nixon, Monica Crowley, who has a PhD in international affairs from Columbia University, and was also a policy analyst on TV.