‘Inequality In A Nutshell’: AOC Slams Record-High Stock Market, Claims People Aren’t Benefiting

The Dow Jones crossed 29,000 for the first time in its history, just 37 days after passing the 28,000 milestone.

Wall Street’s unprecedented success and continued record-breaking status should not be celebrated, Democratic Congresswoman Alexandria Ocasio-Cortez claims per the Washington Examiner.

In a tweet, the New York congresswoman said the rich are only getting richer while wages aren’t rising.

“The Dow soars, wages don’t,” she tweeted. “Inequality in a nutshell.”

NBC News reports:

The Dow hit 28,000 on Nov. 15 and needed just 48 points Friday to breach the 29,000 mark, having flirted with the number all day Thursday after a de-escalation in the conflict with Iran soothed investor fears, energy prices settled, and Apple posted record gains on higher-than-expected sales in China.

Gains in Apple, Goldman Sachs, and healthcare stocks helped push the index upwards.

Friday’s record caps a rollercoaster week on the world’s stock exchanges, as tensions rose and deflated amid military escalation in the Middle East, a Boeing plane crash with 176 fatalities, and confirmation that China would sign phase one of the trade deal next week in Washington, D.C, after almost two years of a trade war that saw both countries slapping tit-for-tat tariffs on billions of dollars of imported goods.

President Trump, among many others, took to Twitter to celebrate the new record.

“11,000 points gained in the Dow in the 3 years since the Election of President Trump,” Trump tweeted on Friday morning, quoting a Fox News segment. “Today it may hit 29,000. That has NEVER happened before in that time frame. That has added 12.8 Trillion Dollars to the VALUE of American Business.”

“The best is yet to come!” he added.