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Under Trump, stock market has best first year since 1945
Stocks have been on a tear ever since President Donald Trump surprised the political world with an election victory on Nov. 8, 2016. In fact, on the one-year anniversary of Trump’s win, the Dow has booked its best-ever first year under a new administration since 1945.
The Dow has soared 28.5% since Election Day 2016.
Trump has now surpassed Bill Clinton, who saw the Dow move 26.5% higher in the year following his re-election in 1996.
On average, the Dow advances 6.04% in the year following Election Day.
Stocks typically do better under Republican presidents. The average gain for the Dow is 8.03% when a Republican is in the White House. For DEMOCRATS, the Dow only climbs an average 3.55% in their first year post-election.
Investors have reacted positively to the Trump administration’s economic policies and its pledge to roll back regulations. More recently, the market has climbed to fresh records amid strong corporate earnings and Republicans’ efforts to cut taxes.
The Dow closed at a fresh all-time high Tuesday, the blue-chip index’s fourth straight record close and its 58th since Trump’s inauguration.
Since the presidential election, the Dow has hit 75 record closes. The S&P 500 has 60 records to its credit over the same period, while the Nasdaq Composite has 72.
http://www.foxbusiness.com/markets/2017/11/08/under-trump-stock-market-has-best-first-year-since-fdr.html