As the impeachment inquiry into President Donald Trump heats up, White House officials say the investigation is making life harder for investors. “I think the impeachment story in fits and starts has hurt the stock market,” Larry Kudlow, Mr. Trump’s top economic adviser, told reporters on Friday. Kudlow was echoing Mr. Trump himself, who in a tweet Thursday said the “Impeachment Hoax” is “hurting our Stock Market!”
Yet for now Wall Street seems unfazed, with the S&P 500-stock index and Nasdaq composite both closing at all-time highs and the Dow adding 301 points, or 1.1%, to close at 27,347. Even the president himself had to note that markets are on a roll: “Stock Market up BIG! Record highs for S&P 500 and NASDAQ. Enjoy!,” he tweeted on Friday.