What happened to the stock market during Obama's presidency?
Jan 21, 2021 · You can see impressive gains above from when President Obama left office in January 2017 to the end of Trump’s four years in office. An Investment in the Nasdaq resulted in the best return of well over 142%. The Stock Market During Obama’s 8 Year Term Let’s now take a look at how the market performed over President Obama’s entire term in office.
How did the market perform during President Obama’s entire term?
What was the Dow Jones when Obama took office? President Barack Obama first took office on Jan. 20, 2009. The Dow Jones Industrial Average (DJIA) had been in …
What happened to the Dow after Obama takes office?
Oct 13, 2014 · When Barack Obama took Presidential office on ... in the failing economy left behind by the previous administration. ... an impressive upswing in the stock market. By the end of Obama's second ...
Does the stock market perform better when the president is in office?
Apr 14, 2021 · Taft left office with the Dow less than a half-point lower than at the start of his term. Woodrow Wilson. Woodrow Wilson. ... Obama …
Which president caused the stock market crash?
When Herbert Hoover became President in 1929, the stock market was climbing to unprecedented levels, and some investors were taking advantage of low interest rates to buy stocks on credit, pushing prices even higher.
What stocks does Obama invest in?
Obama Stock Portfolio: 10 Stocks to ConsiderTesla, Inc. (NASDAQ:TSLA) Number of Hedge Fund Holders: 60. ... NVIDIA Corporation (NASDAQ:NVDA) Number of Hedge Fund Holders: 86. ... Johnson & Johnson (NYSE:JNJ) Number of Hedge Fund Holders: 88. ... JPMorgan Chase & Co. (NYSE:JPM) ... Berkshire Hathaway Inc. (NYSE:BRK-B)Oct 25, 2021
What was the Dow at the end of 2009?
Dow Jones - 10 Year Daily ChartDow Jones Industrial Average - Historical Annual DataYearAverage Closing PriceAnnual % Change20098,885.6518.82%200811,244.06-33.84%200713,178.266.43%67 more rows
What was the stock market at in 2008?
The Big Three automakers asked for a federal bailout. By November 20, 2008, the Dow had plummeted to 7,552.29, a new low.
What is Obama's net worth?
List of presidents by peak net worthNameNet worth (millions of 2016 US$)Political partyBarack Obama40DemocraticGeorge W. Bush39RepublicanJames Monroe30Democratic-RepublicanMartin Van Buren29Democratic41 more rows
How much has the Dow gained in 2021?
18.7%The Dow Jones Industrial Average (DJIA) gained 18.7% in 2021, while the Nasdaq Composite gained 21.4%.Jan 3, 2022
What is the record high for the Dow in 2021?
What did major indexes do? The Dow Jones Industrial Average DJIA, -0.11% rose 214.59 points, or 0.6%, to close at an all-time high of 36,799.65, after it established an intraday record at 36,934.84.Jan 4, 2022
When did the market recover from 2008?
9, 2007 -- but by September of 2008, the major stock indexes had lost nearly 20% of their value. The Dow didn't reach its lowest point, which was 54% below its peak, until March 6, 2009. It then took four years for the Dow to fully recover from the crash.Feb 2, 2022
How long did 2008 crash last?
The US bear market of 2007–2009 was a 17-month bear market that lasted from October 9, 2007 to March 9, 2009, during the financial crisis of 2007–2009.
Why did the 2008 market crash?
The stock market and housing crash of 2008 had its origins in the unprecedented growth of the subprime mortgage market beginning in 1999. U.S. government-sponsored mortgage lenders Fannie Mae and Freddie Mac made home loans accessible to borrowers who had low credit scores and a higher risk of defaulting on loans.
How fast did the stock market crash in 2008?
From October 6–10, 2008, the Dow Jones Industrial Average (DJIA) closed lower in all five sessions. Volume levels were record-breaking. The DJIA fell over 1,874 points, or 18%, in its worst weekly decline ever on both a points and percentage basis. The S&P 500 fell more than 20%.
How much has the DJIA increased in the last eight years?
The DJIA had risen to 19,732 over the course of his term. That’s roughly a 150 percent increase in eight years. Uncertainty still loomed, however. Donald Trump’s unexpected victory over Democratic candidate Hillary Clinton was a surprise to many Americans.
When did Obama take office?
President Barack Obama first took office on Jan. 20, 2009. The Dow Jones Industrial Average (DJIA) had been in a bit of a slump since the 2008 economic recession and credit crisis. The DJIA stood at a paltry 7,949.09, which made the lowest inaugural performance since the Dow was created in 1896.
When will the DJIA be sworn in?
economy may be on the rise again, but as the virus persists into the fall and winter months, it remains to be seen what the DJIA will look like when the new president is sworn into office in January 2021. Advertisement.
Why should investors be very careful about drawing conclusions from election or inauguration day performance?
Investors should be very careful about drawing conclusions from election or inauguration day performance because there isn't enough data. For example, except for Franklin Roosevelt, the maximum number of inauguration days for any president is two, which is too small for statistical analysis.
Was Obama's first inauguration a bad day?
While former President Obama's first inauguration was a bad day for the market, the first year of a presidential administration or even the first term might be a better measuring stick for economic performance. From that perspective, former President Trump's first-year performance was the best since Carter, while former President Clinton's first ...
Who is John Jagerson?
He is Co-founder of Learning Markets LLC, a leading creator of financial content, analysis, education, and tools and the author of four books on investing and portfolio strategies, published by McGraw Hill.
How many jobs did Obama lose in his first year in office?
Obama had the unique disadvantage of taking office in the midst of the worst financial crisis since the Great Depression. More than 4 million jobs were lost in his first year in office, on top of the 4 million lost in George W. Bush’s final year.
What happened during Barack Obama's eight years?
What they show about what really happened during the eight years that Barack Obama was president is sometimes different from what politicians claimed. The economy gained a net 11.6 million jobs. The unemployment rate dropped to below the historical norm.
How much is the deficit for FY 2017?
The nonpartisan Congressional Budget Office estimated in June 2017 that the deficit for FY 2017 — which ends Sept. 30 and is the last one for which Obama signed spending bills — will increase to $693 billion. CBO also projects that under current law, annual deficits will again exceed $1 trillion in 2022 and beyond.
How did Obama's health insurance affect take home pay?
Under Obama, the worker portion of annual health insurance premiums rose by $1,923 for a family policy , and $408 for single coverage.
How much did the average person receive in 2009?
The average benefit per person went up from around $113 per person in January 2009 to around $134 in July. At the peak of food stamp enrollment in December 2012, a total of 47.8 million were receiving aid, an increase of nearly 16 million or 49 percent.
How many prisoners were released from Guantanamo Bay?
That brought the total number remaining to 41 .
How many people got food stamps under Bush?
Under George W. Bush, the number of people getting food stamps grew by 14.7 million, or 85 percent (compared with the 10.7 million, 33 percent gain under Obama). The average monthly benefit per person grew from $73.89 in the month Bush took office to $113.60 the month he left.
Why did Coolidge say "Coolidge prosperity"?
President Coolidge served during a positively frothy stock market that saw the Dow more than triple in value during his time in office, prompting the phrase “Coolidge prosperity” to describe the economic success of the times . The ’20s were also one of the best decades for America’s money.
When did the Dow Jones Industrial Average start?
The Dow debuted in 1896, so William McKinley was the first president to have the Dow exist for his full term.
When did Herbert Hoover take office?
Herbert Hoover. Herbert Hoover. Time in Office: March 4, 1929 – March 4, 1933 . Herbert Hoover was unlucky enough to take office just as an unprecedented era of wealth and prosperity came screeching to a halt, giving way to the Great Depression.
Who was the first president to see the Dow drop?
Taft had the misfortune of taking office just before the market peaked later that year, making him the first president on this list to see the Dow decline on his watch. Even so, the index did improve considerably from its lowest point in 1911.
When did Gerald Ford take office?
Gerald R. Ford. Time in Office: Aug. 9, 1974 – Jan. 20, 1977. Gerald Ford took office during an extremely difficult time in American history, following the resignation of Richard Nixon. Ford is also notable for being the only U.S. president never to be on a winning presidential ticket.
Who was the Supreme Allied Commander during World War II?
Dwight D. “Ike” Eisenhower was the Supreme Allied Commander during World War II and served as president for most of the 1950s. He emphasized balanced budgets at home and a strong stance against the Soviet Union. http://hdl. How the Market Performed.
Who did TR lose to in 1912?
TR would run for president again in 1912 under the Progressive Party, better known as the Bull Moose Party, but ultimately lost to Woodrow Wilson. http://hdl. How the Market Performed. Starting Value: 70.01. High Point: 103 on Jan. 19, 1906. Low Point: 42.15 on Nov. 9, 1903. Ending Value: 82.58.
How many points did the Dow decline?
From early February 1966 to the end of his tenure, the Dow actually declined some 60 points. Richard M. Nixon. Time in Office: Jan. 20, 1969 – Aug. 9, 1974. Nixon’s presidency was marred by the way it ended, with the 37th president forced to resign in the wake of the Watergate scandal.
Why did Coolidge say "Coolidge prosperity"?
President Coolidge served during a positively frothy stock market that saw the Dow more than triple in value during his time in office, prompting the phrase “Coolidge prosperity” to describe the economic success of the times . The ’20s were also one of the best decades for America’s money.
How did Eisenhower benefit from the stock market?
Eisenhower benefited from consistent stock market growth while president. The Dow’s low point came during his first year in office, and its high point came just two weeks before he left the White House. The Dow more than doubled in value under Eisenhower, showing that investors seemed to end up really liking Ike.
What did Truman do after FDR's death?
Truman entered the White House in the aftermath of FDR’s death and would oversee the end of World War II and the beginning of the Korean War. He was also president during the massive economic expansion that followed World War II in the United States and helped implement the Marshall Plan to rebuild a war-torn Europe.
When did the Dow Jones Industrial Average start?
The Dow debuted in 1896, so William McKinley was the first president to have the Dow exist for his full term.
Who was the first president to see the Dow drop?
Taft had the misfortune of taking office just before the market peaked later that year, making him the first president on this list to see the Dow decline on his watch. Even so, the index did improve considerably from its lowest point in 1911.
Was the Dow Jones under 40?
Not a lot of people still alive can say they remember a time when the Dow was under 40, but it hit that point in the first full year of its existence. Still, McKinley’s business-friendly administration oversaw a Dow that jumped more than 60 percent while he served as president.
Other Policies Aided Black Community
African Americans face structural inequalities in access to wealth, health care and encounters with the criminal justice system compared with whites, according to the Center for American Progress, a progressive think tank. Obama-era policies have disproportionately affected this group.
Network Neutrality And Government Use Of Information Technology
In a June 2006 podcast, Obama expressed support for telecommunications legislation to protect network neutrality on the Internet, saying: “It is because the Internet is a neutral platform that I can put out this podcast and transmit it over the Internet without having to go through any corporate media middleman.
Trump Compared To Obama
When comparing the two presidents, the number of jobs added pre-pandemic is a good barometer for success. Under Trump, in the three years prior to the pandemic, there were an additional 6.4 million jobs. In the last three years under Obama, seven million jobs were added.
Americans With Health Insurance
Obama made it one of his top goals to get more Americans covered by health insurance. The number of Americans lacking health insurance went from more than 48 million people in 2010 down to 28 million after the passage of the Affordable Care Act.
Large Increase In The Share Of Americans With Health Insurance
Perhaps the Obama administrations single greatest accomplishment for middle- and working-class families was the passage of the Affordable Care Act in 2010.
The Trump Vs Obama Economy In 16 Charts
As the United States suffers the worst economic downturn in nearly a century, key questions remain: How quickly can the nation recover, and who has the better track record to get us there?
Unemployment Reached A Half
The unemployment rate measures the share of the labor force that is jobless and seeking work. It fluctuates based on economic conditions and rises during downturns, as it did during the Great Recession over a decade ago.
What was the economic crisis of 1981?
Crushed by Federal Reserve Chairman Paul Volcker’s war on inflation, the economy stumbled into a brief recession in July 1981. Unemployment spiked to nearly 11%.
How did the S&P 500 decline under Bush?
The S&P 500 declined 40% under Bush, the worst among modern administrations. Bush inherited the dotcom bust, which spawned the 2001 recession. The downturn was deepened by the 9/11 terror attacks. Growth gathered steam in 2004 and 2005, fueled in part by low interest rates and the housing boom.
When did the bull market end?
A trade war with China temporarily sucked some of the air out of the market’s gains in late 2018, but it wasn’t until the coronavirus pandemic hit the United States in early 2020 that the bull market officially came to an end.
When did the stock market bottom out?
The stock market bottomed out in March 2009, but then the economy slowly healed, beginning what would eventually become the longest bull market in American history. Digging out of the depths of the Great Recession was a long and slow process, though. Annual GDP growth never topped 3% in the Obama era.
When is the S&P 500 closing?
Cumulatively, the S&P 500 gained 67% from Trump’s inauguration to the market close on Tuesday, January 19, 2021 — his last full day in office.
Does Biden put much emphasis on stocks?
Unlike his predecessor, incoming President-elect Joe Biden does not put nearly as much emphasis on stocks as a gauge of the country’s strength or wellbeing. “The idea that the stock market is booming is his only measure of what’s happening,” Biden said of Trump in the final presidential debate in October.
Who was the first president to go into recession?
Ronald Reagan. President Ronald Reagan’ s first four years in the White House weren’t particularly lucrative for Wall Street. Crushed by Federal Reserve Chairman Paul Volcker’s war on inflation, the economy stumbled into a brief recession in July 1981. Unemployment spiked to nearly 11%.
How many new highs did Trump have in 2017?
This led to 71 new highs in 2017 but after the sugar rush of the tax cuts wore off there were only 19 and 22 new highs in 2018 and 2019, respectively. Including the 5 new highs in 2020 gives Trump a total of 117. The numbers do tilt in Trump’s favor when you end Obama’s run on November 8, 2016, when Trump was elected.
When did the Great Recession start?
Stock market under Obama. The Great Recession officially started in December 2007, about a year before Obama became President and two months after the Dow 30 Industrials hit an all-time high of 14,165. The Dow then fell over 50% to 6,547 in March 2009, which was three months before the recession officially ended in June.
When did earnings move higher?
After the stock markets recovered from the downturn created by the Great Recession, from 2009 to 2012 earnings moved consistently higher until 2014. This led to 50 and 38 record highs in 2013 and 2014, respectively.
Why did stocks rally after Trump was elected?
Stocks initially rallied when Trump was elected, as Corporate America focused on his pro-business agenda that included tax cuts, deregulation and promises of infrastructure spending. The economy was strong, too, helping fuel the market boom.
What did Joe Biden say about the stock market?
"The idea that the stock market is booming is his only measure of what's happening," Biden said of Trump in the final presidential debate in October. "Where I come from in Scranton and Claymont, ...
How much did the S&P 500 rise during Obama's first term?
Under President Barack Obama, the S&P 500 rose 85% during his first term, having hit rock bottom in March 2009 during the financial crisis. During President Bill Clinton's first term, the index climbed 79%.
Did Biden promise to change the stock market?
On Wednesday, Biden's first day in office, all three major US stock indexes ended the day at all-time highs. Biden has never made any promises about how well the stock market would do during his term, and that's not likely to change now that he's been sworn in. But one way or another, he's off to a good start.
