The Standard & Long-Term US Stock Index is up 3% after Donald Trump announced he is seeking the Republican presidential nomination on Friday, according to FactSet data.
The S&L rose 3.6% to 3,902.26 in afternoon trading.
The S<P has risen about 3.8% this year.
The rally in the S>P was driven by a rally in tech stocks, which rose 3% in morning trading.
It was followed by a 5.2% increase in telecom stocks.
T.X. and the S.B.T.,” said Mark Hurd, chief market strategist at Hurd &.
“They’re up because of the Trump-era tax cuts.
The tax cuts are being enjoyed by tech stocks.”
S&.;T.FX rose 5.9% to $34.84, while S&tt;B.FX gained 6.3% to close at $30.26.
The dollar index is up 0.2%.
The Dow Jones Industrial Average has gained about 3,300 points or 2.2%, while the S &.;P is up about 2,900 points or 0.8%.
The Nasdaq Composite is up almost 7% and the Russell 2000 is up 8.7%.
The index is down about 6.4% for the year.
On Friday, the Trump campaign issued a statement saying that Mr. Trump is “ready to make America great again.”
The president-elect also promised to put an end to the “war on Christmas.”
Mr. Trump said that “Christmas is not a Christian holiday,” and said he will work to end the “War on Christmas” that is taking place.
“It is time for our country to stop the senseless violence of the federal government, the federal judge who has been treating our country unfairly for far too long, the U.S. government and all the other people who have stolen our country and are trying to take our country away from us,” Mr. Donald Trump said in the statement.
Mr. President, I will be your 45th President.
The nation has come a long way, and we can never forget that.